Published December 18, 2023
Mortgage Rates Fall
The Fed's pivot from 'maybe more hikes' to 'cuts next year' had the
markets in ecstasy. The Dow and S&P 500 hit all-time records. The
yield on the 10-yr US treasury went below 4%. And average 30-year
mortgage rates fell to 6.6%. That's a decrease of nearly 150 bps (1.5%)
in just two months.
