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The Bank of England has cut interest rates for the second time this year, in good news for mortgage-holders and other borrowers. Policymakers at the Bank of England opted to reduce interest rates ...
Zillow economists ultimately expect rates to end 2025 below current levels of around 6.7%, but note “there’s no guarantee.” Realtor.com sees potential for rates to average 6.3% next year.
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%.
For much of 2023 and parts of 2024, mortgage rates were above 7%. So if you locked in a mortgage rate of 7.25% and rates fall to 5.9% in 2025, that's a wide enough spread for a refinance to make ...
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 ...
Today’s interest rates put the option of becoming a homeowner out of reach for many Americans. ... it forecast that mortgage rates would drop to 6.5% by the end of 2024 and fall below 6% by the ...
According to financial information company Moneyfacts, the average rate for a five-year fixed rate mortgage in the U.K. hit 6.01% on Tuesday from 5.97% the previous day.
Real estate brokerage Redfin also released its 2025 forecast this month, and it has an even less hopeful outlook: It expects mortgage rates to be in the 6.8 percent range a year from now.