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U.S. mortgage rates in decline with Fed expected to cut interest rates next month (Video)

U.S. mortgage rates are now at their lowest point in 15 months and experts say they could continue to drop with the Federal Reserve is expected to slash the federal funds rate next month. CBS News business analyst Jill Schlesinger has more.

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U.S. mortgage rates in decline with Fed expected to cut interest rates next month (Video)

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U.S. mortgage rates in decline with Fed expected to cut interest rates next month (Video)

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Summary
U.S. mortgage rates in decline with Fed expected to cut interest rates next month (Video)
Title
U.S. mortgage rates in decline with Fed expected to cut interest rates next month (Video)
Description

U.S. mortgage rates are now at their lowest point in 15 months and experts say they could continue to drop with the Federal Reserve is expected to slash the federal funds rate next month. CBS News business analyst Jill Schlesinger has more. CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries. Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews Watch CBS News 24/7: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow CBS News on Instagram: https://instagram.com/cbsnews/ Like CBS News on Facebook: https://facebook.com/cbsnews Follow CBS News on X: https://twitter.com/cbsnews Subscribe to our newsletters: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: licensing@veritone.com