#16 - Homeowners Get Good News Over Mortgage Rates

While mortgage rates remain higher than they were during the housing market's booming pandemic years, Moody's Ratings has predicted them to finally start declining over the next few years in a new report. Exactly a week ago, the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, reported that the average rate for a 30-year-fixed mortgage—the most popular among U.S. borrowers—had reached 7.1 percent, a record high for this year so far.