Kelly is a Senior Director at Better, where she is responsible for pipeline hedging, flow and bulk whole loan trading, and best execution analysis. Better is a digital-first homeownership company whose services include mortgage, real estate, title, and homeowners insurance.
Many experts predict rates will come down somewhat in 2024, though not all agree on what that will look like.
It has become increasingly evident that rates will be 'higher for longer' as economic resiliency persists, and the Fed remains committed to bringing inflation in line with its long-term target of 2%. Until the market can comfortably assume the hiking cycle is over, we may see mortgage rates continue to drift higher through the early part of 2024.