July's mortgage rates are likely to end up roughly where they ended in June. While we could get a temporary dip, rates would be unlikely to stay low. This would be a big enough window for a well-prepared refinancer, but it wouldn't be large or long enough to make a difference to a potential home buyer.
That's because most of the signals currently indicate that we shouldn't expect a low rate environment. So even if mortgage rates were to drop in response to a specific news event, the likelihood is the fall would be short-lived and we'd still end July about where we started.
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