JH Callahan

Twin Cities Real Estate

Residential Commercial Investment

"We never promise more than we can deliver but we always deliver more than we promise"

651-455-8858
MENUMENU
  • Home
  • Search
  • Our Listings
  • Our Sold Listings
  • Resources
    • Sellers
    • Buyers
  • Our Team
  • Contact
  • News
  • Buyer's Comp

Mortgage Rates Move Sideways as Markets Digest Incoming Data

January 4, 2024 by Jim Callahan

January 4, 2024
Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point. However, since then rates have moved sideways as the market digests incoming economic data. Given the expectation of rate cuts this year from the Federal Reserve, as well as receding inflationary pressures, mortgage rates will likely continue to drift downward as the year unfolds. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools

Navigation

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools
CB Logo

1549 Livingston Avenue
Suite 109
West St Paul, MN 55118
651-455-8858

Let's stay in touch...

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

By searching you agree to the end user license agreement.

DMCA Copyright Notice.

Agent’s Comp
Copyright © 2025 | MSLLC