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The Mortgage Bankers Association does go out two years, to 2026. It predicts a 5.9% rate by the end of that year. However, its prediction changes monthly and will have changed over two dozen times ...
Average mortgage rates ease lower as of Thursday, January 23, 2025, with benchmark 30-year fixed rates still elevated above 7.00%. Fannie Mae released its January housing forecast, noting a ...
The housing shortage will persist. And mortgage rates may not fall much — even if the Federal Reserve finally delivers long-delayed interest rate cuts. “This will take many years to work ...
Why mortgage rates are likely to drop. The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation. Now that it's ...
According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage has fallen to 6.47%, a steep decline from 6.73% a week ago and the 2024 high of 7.22%. Rates on 15-year mortgages fell ...
Fannie Mae predicts rates will edge down to 6.6 percent by the end of the year, while the Mortgage Bankers Association expects 30-year rates will decrease to 6.5 percent by the end of 2025.
Fannie Mae recently predicted that the average 30-year mortgage rate will fall to 5.7% by the fourth quarter of next year, and the Mortgage Bankers Association has a similar forecast of 5.8%.
The new forecast came as the Bank cut interest rates to 4.5% from 4.75%. ... the Bank upgraded its predictions for both 2026 and 2027. ... Mortgage impact. The interest rate cut means that for the ...
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