Yes, it is true after going way up, mortgage interest rates have started to come down. The word “Recession” is appearing in the news again.
“Mortgage News Daily’s lender survey showed rates on 30-year fixed-rate mortgages falling 15 basis points Friday, to 7.36 percent, down 67 basis points from a 2023 high of 8.03 percent registered on Oct. 19.”
That is a significant drop but still much higher than low but also much better than way too high.
