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Where will rates go. Hale and Realtor.com forecast that in 2023 rates will average 7.4%, followed by early rate hikes in the first half of the year, and a slight retreat to 7.1% by the year-end.
Growing home prices. Housing experts say home prices will continue to rise for the rest of 2024. Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end ...
House hunters in the United States saw signs of hope earlier this year when average mortgage rates dipped more than three-quarters of a point from their 2022 peak of 7.08%. But those hopes have ...
“We are revising our forecasts for mortgage rates higher, to 7.1% for year-end 2023 and 6.8% for year-end 2024 from prior forecasts of 6.6% and 5.9%, respectively,” Roger Ashworth, managing ...
The Mortgage Bankers Association: The group expects the 30-year fixed mortgage rate will average 5.2% in 2023. In 2024 and 2025, mortgage rates could average 4.4%. In 2024 and 2025, mortgage rates ...
Mortgage rates tend to trail the 10-year Treasury yield, which he suspects will hover around 4% to 4.50%; that generally puts mortgage rates at that 5.5% to 6% he’s expecting.
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