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Freddie Mac reports an average 6.96% for a 30-year fixed-rate mortgage, down 8 basis points from last week's average 7.04%, according to its weekly Prime Mortgage Market Survey of nationwide ...
“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 ...
Why mortgage rates are likely to drop The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation.
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 ...
The average rate for a 30-year fixed-rate mortgage is already down to 6.5% right now, but experts expect further cuts to the federal funds rate, which should help push that down even more. Let's ...
Where will mortgage rates go in 2025? "Mortgage rates are likely to remain in the high-6% range throughout 2025, with the weekly average rate fluctuating throughout the year but averaging around 6 ...
Freddie Mac reports an average 7.04% for a 30-year fixed-rate mortgage, up 11 basis points from last week's average 6.93%, according to its weekly Prime Mortgage Market Survey of nationwide ...
The typical rate on a 30-year fixed-rate mortgage is now about 0.3 percentage points higher than it was in January 2024, when it stood at about 6.6%, according to Freddie Mac data.
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related to: aol mortgage rates dropping 2025 10 000 dollars in 1960