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Average mortgage rates march higher as of Monday, January 13, 2025, as the market awaits key inflation data for December, starting with the producer price index tomorrow and followed by the ...
Greg McBride, CFA, Bankrate’s chief financial analyst, thinks the 30-year fixed will remain the dominant mortgage product. “A fixed-rate mortgage provides the certainty borrowers want,” he says.
The NAR modified its forecast to 6.5% from 6.3%. Wells Fargo's May economic summary adjusted its monthly rate outlook to 6.50% from January's 6.05%. Read more: Types of mortgage loans for home buyers
This is in response to nearly half of America's renters in 2023 being considered "cost-burdened," meaning at least 30% of their income goes to housing, according to data from US Census Bureau.
A house price index (HPI) measures the price changes of residential housing as a percentage change from some specific start date (which has an HPI of 100). Methodologies commonly used to calculate an HPI are hedonic regression (HR), simple moving average (SMA), and repeat-sales regression (RSR).
$700,000+ Cost of housing by State This article contains a list of U.S. states and the District of Columbia by median home price , according to data from Zillow . List U.S. states and D.C. by median home price
GOBankingRates spoke with Alexei Morgado, a real estate agent and the founder of Lexawise, to get a peek into an expert forecast for the housing market in 2025. Mortgage Rates Could Drop a Bit ...
The analyst now forecasts home prices will fall 2.2% for 2023, versus the previous decline estimate of 6.1%.