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The average 30-year mortgage rate has fallen rapidly, both in anticipation of Fed rate cuts and in reaction to the 50-basis-point cut in September. The average is currently 6.15%, down from a peak ...
Average mortgage rates are moderately lower as of Thursday, January 2, 2025, with the average 30-year purchase rate dipping below 7.00% in the new year — about where we were this time last year ...
“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 ...
Image source: Getty Images. The U.S. housing market has been stuck in a weird state since the COVID-19 pandemic. In 2020 and 2021, mortgage lenders lowered their rates, which led to a surge in ...
Fannie Mae increased its year-end prediction to 6.4% from 5.9% earlier in the year. The NAR modified its forecast to 6.5% from 6.3%. Wells Fargo's May economic summary adjusted its monthly rate ...
After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...
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