MONTROSE $839.900 132876150 Road 43 Beds 13 Bachs12.805.00 ft Kree Christie 930 275 3153 BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES 2 OF THE FACTORS THAT IMPACT MORTGAGE RATES if you're looking to buy a home, you've probably been paying close attention to mortgage rates Over the last couple of years, they hit record lows cose dramatically and are now dropping back down a bit Ever wonder why? The answer is complicated because there's a lot that can uence mortgage rates Here are just a few of the most impactul factors play INFLATION AND THE FEDERAL RESERVE The Federal Reserve (Fed) doesn't directly determine mortgage rates out the Fed does move the Federal Funds Rate up or down in response to what's happening the economy, employment rates and more as that happens mortgage rates tend to respond with "The Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages. High inflation and investor expectations of more Fed rate hikes can push mortgage rates up. If investors believe the Fed may out rates and inflation is decelerating mortgage rates will typically trend down. Over the last couple of years, the Fed cared the Federal Fund Rate to try to fight inflation and as that happened mortgage rate jumped up too fortunately, the expert outlook for nation and mortgage rates is that both should become more favorable over the course of the year. As Daniel Chief Economist at Restor.com MONTROSE COUNTY Premium Big Game Hunting in GMU 65! DURSIO CIMARRON $349,000 TBD County Road 864A 80 Acres 1 Gorgeous Alpine Setting Don Bailey, 970 209.8257 Mortgage rates will continue to ease in 2024 as inflation improves... There's even tak the fed may actualy out the Fed Funds Rate this year because nation is cooling even though t's not yet back to their deltage THE 10-YEAR TREASURY YIELD Additionally mortgage compones look at the 10-Year Treasury wed to decide now much interest to charge on home loans of the yield goes up mortgage rates coul go up too The opposite is also true. According to investopeda "One frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10-year Treasury bond yield Historicaly, the spread between the 10-Year Treasury Yield and the 30-year foued mortgage rate has been any consistent, but that's not the case recently. That means there's room for mortgage rates to come down So keeping an eye on which way the treasury yeld is trending can que experts an idea of where mortgage rates may headed BOTTOM LINE With the Fed meeting later this week experts in the noustry will be keeping a close watch to see what they decide and what impact have on the economy To navigate any mortgage rate changes and their impact on your moving plans its best to have a team of professionals on your son bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond! 11 Offices and over 160 real estate brokers STAY INFORMED Ask us about our market trend reports! knowledge is power and we would love to help you stay informed on what is on the marketin your neighborhood. Call us today to receive this report weekly or monthly ma Call one of our trusted real estate brokers Tren Unrein, Brian Unrein, Autumn Barrett, Don Balley, Jeff Kechfuss, Kree Christie, Linda Stel Makaya Cervone, Michael Scott Dosch, Heidi Lutz Mend Sepahi and Donna Justin MONTROSE $ 839.900 132876150 Road 43 Beds 13 Bachs12.805.00 ft Kree Christie 930 275 3153 BERKSHIRE HATHAWAY HOMESERVICES COLORADO PROPERTIES 2 OF THE FACTORS THAT IMPACT MORTGAGE RATES if you're looking to buy a home , you've probably been paying close attention to mortgage rates Over the last couple of years , they hit record lows cose dramatically and are now dropping back down a bit Ever wonder why ? The answer is complicated because there's a lot that can uence mortgage rates Here are just a few of the most impactul factors play INFLATION AND THE FEDERAL RESERVE The Federal Reserve ( Fed ) doesn't directly determine mortgage rates out the Fed does move the Federal Funds Rate up or down in response to what's happening the economy , employment rates and more as that happens mortgage rates tend to respond with " The Federal Reserve slows inflation by raising the federal funds rate , which can indirectly impact mortgages . High inflation and investor expectations of more Fed rate hikes can push mortgage rates up . If investors believe the Fed may out rates and inflation is decelerating mortgage rates will typically trend down . Over the last couple of years , the Fed cared the Federal Fund Rate to try to fight inflation and as that happened mortgage rate jumped up too fortunately , the expert outlook for nation and mortgage rates is that both should become more favorable over the course of the year . As Daniel Chief Economist at Restor.com MONTROSE COUNTY Premium Big Game Hunting in GMU 65 ! DURSIO CIMARRON $ 349,000 TBD County Road 864A 80 Acres 1 Gorgeous Alpine Setting Don Bailey , 970 209.8257 Mortgage rates will continue to ease in 2024 as inflation improves ... There's even tak the fed may actualy out the Fed Funds Rate this year because nation is cooling even though t's not yet back to their deltage THE 10 - YEAR TREASURY YIELD Additionally mortgage compones look at the 10 - Year Treasury wed to decide now much interest to charge on home loans of the yield goes up mortgage rates coul go up too The opposite is also true . According to investopeda " One frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10 - year Treasury bond yield Historicaly , the spread between the 10 - Year Treasury Yield and the 30 - year foued mortgage rate has been any consistent , but that's not the case recently . That means there's room for mortgage rates to come down So keeping an eye on which way the treasury yeld is trending can que experts an idea of where mortgage rates may headed BOTTOM LINE With the Fed meeting later this week experts in the noustry will be keeping a close watch to see what they decide and what impact have on the economy To navigate any mortgage rate changes and their impact on your moving plans its best to have a team of professionals on your son bhhscolorado.com 1970.249.4663 Real estate services in Montrose and beyond ! 11 Offices and over 160 real estate brokers STAY INFORMED Ask us about our market trend reports ! knowledge is power and we would love to help you stay informed on what is on the marketin your neighborhood . Call us today to receive this report weekly or monthly ma Call one of our trusted real estate brokers Tren Unrein , Brian Unrein , Autumn Barrett , Don Balley , Jeff Kechfuss , Kree Christie , Linda Stel Makaya Cervone , Michael Scott Dosch , Heidi Lutz Mend Sepahi and Donna Justin