Mortgage Rates Remain High at 6.90% Despite Federal Cuts
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最新报道：Mortgage rates in the U.S. held steady at 6.90% this week, remaining near their highest levels in over two decades, as persistent inflation continues to delay anticipated Federal Reserve rate cuts. The elevated borrowing costs are cooling the housing market, with home sales and refinancing activity slowing significantly. Economists now expect fewer Fed rate reductions this year, with markets pricing in just one or two cuts by December, down from earlier projections of three or more. The Fed's cautious stance reflects ongoing concerns about sticky inflation, despite recent signs of economic softening. Homebuyers face affordability challenges as high rates combine with record home prices in many markets.
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