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Fannie Mae revised its mortgage rate forecast downward for 2024, now forecasting the 30-year fixed mortgage rate to average 6.2% in the final quarter, followed by an average of 6% in the first...
Figure on the one-month Treasury bill’s yield falling to about 3.0%, and the bank prime rate ending up around 6.0%, down from the current 8.0%, after the Fed is finished reducing its benchmark...
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.
"I don't [forecast] rates dropping much. I'd expect them to stay above 6% unless we get a major shift in the economic data," says Josh Green, a mortgage loan officer at Barrett Financial Group.
Mortgage rates have already priced it in, with average interest rates for 30-year, fixed-rate loans tumbling from a high of 7.22% back in early May to 6.08% during the last full week of...
November's mortgage interest rates forecast is for rates to remain relatively unchanged until there is agreement on the election's winner.
We expect Fed officials to continue to deliver hefty cuts over the next two years and bring the federal-funds rate to 2.00% to 2.25% by year-end 2026. Longer-term interest rates, including...
The Federal Reserve is likely going to cut rates only twice this year, as inflation takes longer to slow than U.S. central bankers currently think, according to the 2024 interest rate forecast...
High interest rates slow the economy by making it more expensive to borrow to buy a house or expand a business, which weighs on both demand and price increases. But they also hold back hiring....
How much lower could mortgage interest rates go? Mortgage rates have already pulled back, with the 30-year loan averaging 6.24 percent as of Sept. 25, according to Bankrate’s weekly...