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“That will represent a marginal improvement to affordability, but mortgage rates are not very likely to come down to the 3% rates that were averaged as recently as 2021.”
Mortgage rates aren't likely to fall back down to 3% anytime soon. Read on to find out where they might be in the next year.
You might pay less interest on a mortgage now than you would've earlier in the year. But read on to see why waiting to buy still makes sense. Mortgage Rates Are Falling.
Mortgage rates continued to decline this week, taking a little more pressure off America’s tight housing market as the Federal Reserve ramps up its efforts to keep the economy on an even keel ...
A drop in mortgage rates is expected. ... anytime soon. The reason rates were so low in 2020 and 2021 is that the U.S. economy was plunged into a deep economic crisis as the COVID-19 pandemic took ...
Mortgage rates have fallen to their lowest in 15 months, but buyers haven't flocked to the market. Pending home sales fell 6.9% in the last four weeks, the biggest annual decline in almost a year.
Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market. The standard 30-year fixed-rate mortgage averaged 6.87% in ...
If you signed your mortgage in 2020 or 2021, then you probably locked in a pretty great rate on that loan. But if you signed your mortgage in late 2022 or 2023, it was probably a very different story.