Mortgage Rates Tick Downward, But Looming Inflation Threatens Short-Lived Relief for Homebuyers
WASHINGTON — Prospective homebuyers caught a brief, albeit modest, glimmer of hope this week as benchmark mortgage rates experienced a slight downward tick. However, financial analysts warn that this minor relief could be rapidly eclipsed by broader macroeconomic pressures. According to data provided to financial institutions by Zillow, the average interest rate for the standard…
