July Mortgage Rate Forecast: The Fed Isn't Rushing to Lower Interest Rates
Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET For the past several months, the average 30-year fixed mortgage rate has sat between 6.5% and 7%. Prospective homebuyers shouldn't hold their breath for that to change anytime soon. On July 30, the Federal Reserve is expected to keep borrowing rates the same at its fifth monetary policy meeting this year. Although the central bank doesn't directly dictate mortgage rates, its policy decisions ind