Housing expert: ‘We can expect mortgage rates to go down’
Signs of fading inflation could drive mortgage rates lower as soon as this month
The average interest rate on the 30-year fixed mortgage has fallen by three-quarters of a percentage point since mid-November, according to Freddie Mac, hitting 6.33% this week
Rates won’t drop to early pandemic levels of 3%
Advice for buyers - other ways you can improve your chances of snagging a lower rate include improving your credit score, considering an adjustable-rate mortgage or a government-backed home loan, and keeping an eye on the demand in your area