Mortgage Rates Back at All -Time Historic Lows

Jerome Powell (the chairperson of the Fed) held a press conference on Wednesday. It’s really good news for mortgage rates.

Banks have been anticipating that the Fed would raise rates twice this year, but now it looks like there won’t be any rate hikes. Now that there aren’t rate hikes, mortgage rates are dropping.

Rates are back at all-time historic lows.

NYC Mortgage Lenders