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Mortgage rates fell sharply to close out 2023, but have remained relatively stable at 7 percent so far this spring. As of March 27, the average rate on 30-year loans was 7.01 percent, according to ...
By the week ending Oct. 26, 2023, rates had climbed to 7.79%, the highest rate since September 2000. ... Freddie Mac doesn’t offer a specific mortgage interest rate forecast, but it does issue ...
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
Back in March 2023, ... Bankrate’s annual interest rate forecast for 2024, for example, penciled in a 5.75 percent mortgage rate by the end of the year.
But today, after the culmination of 11 rate hikes worth a whopping 5.25 percentage points, those annual percentage rates (APRs) have been hovering closer to 21 percent since 2023, Bankrate data shows.
Fast-forward to October 2023, and the 30-year mortgage rate broke through 8 percent — an average not seen since 2000. For most of 2024, mortgage rates have lingered in the 6s and 7s.
30-year fixed-rate mortgage: 5.75%. Change: -1.15 percentage point. Highest since 2009. Mortgage rates ended 2023 with a cooldown almost as fast as the surge.
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.