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Mortgage rates: According to Bankrate’s weekly survey of large lenders, the average 30-year mortgage rate as of August 7 was 6.59 percent. Forecast for mortgage rates and types
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%.
Predictions for 2025. NAR expects mortgage rates to stabilize, if not fall as sharply as some house-hunters were hoping, next year. ... The city's average mortgage rate of 6.5% was one of the ...
“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 ...
"Even by the end of next year it’s hard to see sub 6% mortgage rates,” said Mark Fleming, chief economist at First American, which predicts the average rate on a 30-year mortgage will range between 6% and 6.5% next year. The biggest wildcard for mortgage rates next year is whether President-elect Donald Trump’s major policy initiatives ...
Fannie Mae: This mortgage-industry giant predicted in March that the average 30-year fixed rate will drop to 6.4% by the end of 2024. That forecast is an upward revision of a previous 5.9% prediction.
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