Americans looking to buy a home could see additional mortgage rate relief as inflation continues to ease and the Federal Reserve moves toward lowering interest rates, Pierre Yared, White House Council of Economic Advisers acting chair said on Newsmax Tuesday.
He told Newsmax’s “National Report” that mortgage rates ultimately track the Federal Reserve’s policy rate and should decline further as economic conditions stabilize.
“As inflation continues to normalize and as the Fed continues to decrease interest rates, we should anticipate additional relief for families when it comes to mortgages,” Yared said.
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