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The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data. 15-year mortgage rates jumped to 6.13% from 6% a week ...
Mortgage rates are likely to come down before the end of the year -- but that drop may be minor. ... the average 30-year mortgage rate was nearly 6.8%. If rates were to fall to, say, 6.3% by the ...
Freddie Mac reports an average 6.91% for a 30-year fixed-rate mortgage, up 6 basis points from last week's average 6.85%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
So mortgage rates might still be above 6% at the start of 2025. But in the course of the year, they could easily continue to fall. Nobody should expect the return of the 3% mortgage rates home ...
If interest rates go below 5.5% (which we do not expect) this could open up some opportunities, but I do not expect that to happen in 2025.” Buyer Trends “Buyers have become more flexible in ...
For much of 2023 and parts of 2024, mortgage rates were above 7%. So if you locked in a mortgage rate of 7.25% and rates fall to 5.9% in 2025, that's a wide enough spread for a refinance to make ...
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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%.