Ron Siegel’s Mortgage Market Update brought to you by Geneva Financial May 7, 2024

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Current Mortgage Rate Insights:

  • Slight improvements in rates as market anticipates Fed rate cuts.
  • Stability expected this week, with focus on upcoming CPI report.

Advice for Homebuyers:

  • Short-term closings: Monitor rates closely and float cautiously.
  • Long-term closings: Consider floating to take advantage of potential rate drops.

Looking Ahead:

  • Stay updated on economic indicators, especially the CPI report due next week, to make the best mortgage rate decisions.

#MortgageRates #HomeBuyingTips #FinanceExplained #RateLockAdvice #HousingMarketUpdate #RonSiegelRadio

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