Definition: The term "will mortgage rates keep going down" generally refers to a situation where the rate of change in mortgage interest rates remains stable or decreases, which may indicate that there are no significant changes taking place in the market. This could be due to various factors such as economic conditions, government policy changes, and technological advancements. In this context, "will mortgage rates keep going down" suggests that the rate of change is expected to continue, indicating that there will be little or no change in the long-term interest rates for a fixed-rate mortgage. This scenario can create uncertainty for borrowers who might be waiting for more favorable mortgage deals due to the potential lack of significant changes in interest rates. It's important to note that this statement could vary depending on the specific context and local market conditions, so it is advisable to consult financial experts or current market data to ensure accuracy and relevance.
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