Mortgage Rates Could Decrease Ahead of Fed's Expected Rate Cut in September: Here's the Reason

Mortgage Rate Expectations: Mortgage rates may decrease ahead of the Federal Reserve's expected rate cut on September 17, as lenders often adjust rates based on anticipated policy changes and the 10-year Treasury yield rather than the Fed's short-term rate.

Market Trends and Consumer Advice: Recent data shows a decline in mortgage rates, encouraging more buyers and refinancing activity. Consumers are advised to consider purchasing homes now and refinancing later if rates drop further, as lenders are likely to compete for business in a favorable Treasury yield environment.