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Freddie Mac reports an average 6.93% for a 30-year fixed-rate mortgage, up 2 basis points from last week's average 6.91%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
“Looking at the end of this year and into 2025, I foresee mortgage rates staying in the 6% range, likely bouncing between 6% and 7%,” shared Dan Richards, president of Flyhomes Mortgage. “A ...
Cruze believes mortgage rates will continue dropping in response. “Even though we may be a long way from rates returning to the 2-3% range we saw at the end of 2021, it’s still great to see ...
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.
After rising just above 8 percent in October 2023, the average 30-year mortgage rate has dipped to 6.84 percent as of early December 2024 — an improvement, to be sure, but not the big drop many ...
The Federal Reserve's rate cuts won't directly lower home prices in 2025. But they could spur a chain reaction that leads to a drop in home prices. The Fed doesn't set mortgage rates or any other ...
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