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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.
Freddie Mac weekly mortgage report: Rates drop below 7%. ... 2025. The fixed rate for a 15-year mortgage is 6.16%, down 11 basis points from last week's average 6.27%. These figures are lower than ...
“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 ...
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 ...
Freddie Mac reports an average 6.93% for a 30-year fixed-rate mortgage, up 2 basis points from last week's average 6.91%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
After dipping as low as 6.2 percent in September 2024, the average 30-year mortgage rate has risen to 7.08 percent as of early January 2025, despite three rate cuts from the Fed since September ...
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