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Mortgage interest rates are expected to decline gradually in 2024, but most economists don't expect the 30-year fixed rate to fall below 6% until 2025, according to a U.S. News analysis.
Fannie Mae revised its mortgage rate forecast downward for 2024, now forecasting the 30-year fixed mortgage rate to average 6.0% in the final quarter, followed by an average of 5.9% in the first...
The average rate on a 30-year mortgage, the most popular home loan in the United States, rose to 6.79 percent this week, the highest since July, Freddie Mac reported on Thursday.
Current mortgage rates are averaging 6.72% for a 30-year fixed-rate loan and 5.99% for a 15-year fixed-rate loan, according to Freddie Mac’s latest weekly rate survey.
With indicators such as hiring and economic growth showing signs of strength, Fannie Mae predicts 30-year rates will decrease to 6 percent by the end of the year, while the Mortgage Bankers...
A look back at mortgage rates in 2023. As of Dec. 27, 2023, the average rate for a 30-year fixed loan was 6.9 percent, according to Bankrate’s national survey of lenders. Compared to last...
Get the latest mortgage interest rate forecast for September to see how current rates may affect your homebuying or refinance decisions.