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They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. According to Freddie Mac data, the 30-year fixed-mortgage rate was 6.54% as of October 24, up from a 6.36% four-week ...
The NAR also projected 4.5 million existing home sales in 2025 and forecast house prices increasing by about 2%. ... The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6. ...
The average rate for a 30-year fixed-rate mortgage is already down to 6.5% right now, but experts expect further cuts to the federal funds rate, which should help push that down even more. Let's ...
Will mortgage rates drop in 2025? Rates are expected to ease somewhat in 2025, yes — but don’t expect a return to the days of 3 percent mortgages. It will likely be more of a slow decline.
“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 ...
Real estate brokerage Redfin also released its 2025 forecast Wednesday, and it has an even less hopeful outlook: It expects mortgage rates to be in the 6.8 percent range a year from now.
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