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Bank of America expects home prices will climb by 4.5% this year and then by another 5% in 2025 before eventually dipping by 0.5% in 2026. ‘Lock-in effect’ could persist for eight years
Viral claims on social media are accurate.
Capital Economics anticipates the median mortgage payment as a share of the median income to fall from 27.5% (a peak reached last year) to 24.5% by the end of 2024.
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. Now that it's ...
Price will increase only 0.5% in 2024 and 2025, the mortgage giant said Thursday. That's down sharply from its forecast in March , when it predicted home prices would rise 2.5% in 2024 and 2.1% 2025.
After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...