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Realtor.com's 2025 housing forecast released Wednesday predicts the benchmark 30-year fixed rate mortgage will average around 6.3% in 2025, falling slightly to end the year at around 6.2%.
“Mortgage rates won’t fall enough [in 2025] to spur an increase in existing-home inventory, with most of the increase in inventory seen in the market coming from new construction,” says McBride.
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 ...
For much of 2023 and parts of 2024, mortgage rates were above 7%. So if you locked in a mortgage rate of 7.25% and rates fall to 5.9% in 2025, that's a wide enough spread for a refinance to make ...
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 ...
As of Sept. 19, the average interest rate on a 30-year mortgage was 6.09%. That's the lowest average rate since February 2023. And you may be itching to refinance now seeing as how rates are down.