Insight
The 10-year yield is projected to fluctuate between 3.80% and 4.60%.
Powell is done. Will Warsh help with mortgage rates?
Summary
Economic shifts can impact mortgage rates and, indirectly, the housing market. A potential new Federal Reserve chair may adopt a more dovish stance on rate cuts, which could be beneficial. Despite this, external factors like the ongoing war and elevated oil prices could limit rate cuts.
Key takeaway