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The NAR also projected 4.5 million existing home sales in 2025 and forecast house prices increasing by about 2%. ... The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6. ...
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 ...
They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. According to Freddie Mac data, the 30-year fixed-mortgage rate was 6.54% as of October 24, up from a 6.36% four-week ...
“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 ...
The firm’s new forecast is tied to higher forecasts for U.S. Treasury yields, which affect mortgage rates. The 30-year fixed mortgage rate is “loosely benchmarked” to the 10-year Treasury ...
A year after rising just above 8 percent in October 2023, the average 30-year mortgage rate sat at 6.78 percent as of October 23, 2024 — an improvement, to be sure, but not the big dip many were ...
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