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Yet based on Trump's stated economic plans, Yun said he thinks the average 30-year fixed mortgage rate will bounce around between 6% and 7% for the next year, and could stick around 6.5% for much ...
For example, the Fed kept rates higher throughout late 2022 and 2023 to control the high inflation rates. But in late 2024, it started lowering rates as inflation decreased .
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 ...
Edmunds expects only a modest increase in auto sales next year, from just under 16 million vehicles this year to 16.2 million in 2025. The Fed will closely monitor inflation and the job market
In the bank's 2025 Housing Outlook, the analysts forecast mortgage rates will remain elevated, even as the Federal Reserve cuts interest rates. They expect mortgage rates to stay above 6% next ...
“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 ...
October’s core PCE prices were up 2.8% year-over-year, still above the Fed’s 2% target, and accelerating from the stable 2.7% increase observed in prior months.
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...