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Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. ... 5% in 2025 before eventually dipping by 0.5% in 2026. ... The forecast for a ...
Mortgage Rate Predictions for 2024 Through 2026. ... In an update to its April report, it forecast that mortgage rates would drop to 6.5% by the end of 2024 and fall below 6% by the end of 2025.
The 30-year mortgage rate, which averaged nearly 7% through 2023, is forecast to average 6.5% next year and decline only to 6.3% in 2026 - higher than 6.1% and 5.9%, respectively, predicted in the ...
Fannie Mae recently predicted that the average 30-year mortgage rate will fall to 5.7% by the fourth quarter of next year, and the Mortgage Bankers Association has a similar forecast of 5.8%.
Housing prices have been increasing for the past decade, with median home values soaring to record highs in 2021. While the market has cooled slightly, high mortgage rates and low inventory have ...
Mortgage giant Fannie Mae likewise raised its outlook, now expecting 30-year mortgage rates to be at 6.4 percent by the end of 2024, compared to an earlier forecast of 5.8 percent.
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