Mortgage interest rates have seen a decline over the past 18 months, largely due to the Federal Reserve’s efforts to lower its benchmark rate. Currently, rates are around 5%, which, while higher than the lows of 2020 and 2021, may drop further in March. Key dates to watch include March 6, when the unemployment report is released, March 11 for inflation data, and March 18 for the Fed’s policy meeting, all of which could influence mortgage rates.
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