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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 ...
Long-term mortgage rates generally track the yield on the 10-year Treasury note, which, in turn, is driven in part by the market's outlook for inflation and the Fed's benchmark rate.
The iShares 20+ Year Treasury Bond ... Lower growth and inflation forecasts, ... Dot plot signals 50 basis points more in cuts in 2024 and another 100 basis points in 2025. Now read: 20 S&P 500 ...
While the Fed's benchmark rate influences home borrowing costs, mortgages are also impacted by broader economic trends and changes in the yield for the U.S. 10-year Treasury bond.
While stronger-than-expected CPI and PPI figures could drive Treasury yields higher and raise questions about additional Fed rate cuts in 2025, the December rate cut is widely regarded as a done deal.
Investors are betting a final 2024 rate cut is a sure thing from the Federal Reserve, but the bigger question is whether the central bank is ready to scale back what it expects to do in 2025.
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.
A continued rise in 10-year Treasury yields, further dialing back of Federal Reserve rate cut expectations for 2025, and the rising strength of the US dollar are all headwinds Calvasina is closely ...