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Prediction: Mortgage Rates Will Drop Before 2025. Maurie Backman, The Motley Fool. July 30, 2024 at 4:00 PM. Folded currency bills in the shape of a house. ... How to lock in the lowest mortgage rate.
Fannie Mae recently predicted that the average 30-year mortgage rate will fall to 6.2% by the end of 2025. In June, the Mortgage Bankers Association projected that the year-end 2025 average rate ...
The average 30-year mortgage rate began declining from 7 percent last summer, fell to as low as 6.2 percent in September, then quickly reversed course, tracking back above 7 percent by the end of ...
After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...
According to NPR, “the latest data from Freddie Mac showed that the average 30-year mortgage rate had increased to 6.3%” during the middle of October.
How to get the best mortgage rate. If you're trying to borrow to buy a home, you of course want the most competitive mortgage rate you can snag. That translates to lower monthly payments.
After dipping as low as 6.2 percent in September 2024, the average 30-year mortgage rate rose back above 7 percent for most of early 2025. Previous predictions of lower rates in 2025 appear to be ...
The NAR modified its forecast to 6.5% from 6.3%. Wells Fargo's May economic summary adjusted its monthly rate outlook to 6.50% from January's 6.05%. Read more: Types of mortgage loans for home buyers
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