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1970s mortgage rate trends. The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac.
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 ...
The average rate for a 30-year mortgage loan rose to 6.69% from 6.60% a week prior. ... While rates are still hovering around mid-6% — significantly higher than the average in 2021 and 2022 ...
Forecast for mortgage rates and types. Lawrence Yun, NAR’s chief economist, says mortgage interest rates have likely crested, at least for the rest of 2024. ... According to a 2022 study from ...
By the end of 2023, Capital Economics predicts the mortgage rate will be 7.5% (versus 6.75% in its previous forecast), and drop to 6.25% by the end of 2024 (versus 5.25% in its previous forecast ...
The Mortgage Bankers Association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent. ... Mortgage rates shot up in 2022 and 2023 because the economy was ...
See today's average mortgage rates for a 30 ... After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort to ... Declining to comment on forecasts since ...
30-year fixed-rate mortgage: 5.75%. Change: -1.15 percentage point. Highest since 2009. Mortgage rates ended 2023 with a cooldown almost as fast as the surge.
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