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"Mortgage rates remained near 7 percent, ... Freddie Mac weekly mortgage report: Rates drop below 7%. ... 2025. The fixed rate for a 15-year mortgage is 6.16%, down 11 basis points from last week ...
“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 ...
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.
Average mortgage rates are moderately lower as of Thursday, January 2, 2025, with the average 30-year purchase rate dipping below 7.00% in the new year — about where we were this time last year ...
Realtor.com's 2025 housing forecast released Wednesday predicts the benchmark 30-year fixed rate mortgage will average around 6.3% in 2025, falling slightly to end the year at around 6.2%.
The typical rate on a 30-year fixed-rate mortgage is now about 0.3 percentage points higher than it was in January 2024, when it stood at about 6.6%, according to Freddie Mac data.
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