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Cruze believes mortgage rates will continue dropping in response. “Even though we may be a long way from rates returning to the 2-3% range we saw at the end of 2021, it’s still great to see ...
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 ...
Market observers who spoke to ABC News said they expect both price increases and mortgage rates to ease in 2025 -- but only a smidge. The average rate for a 30-year fixed mortgage stands at 6.85% ...
A couple of forecasts are more optimistic about how low the average rate on a 30-year mortgage will go in 2025. Fitch Ratings sees it ranging from 5.8% to 6.4%, while TD Economics predicts the average rate will drop to 5.8% by the end of the year. The average rate is still below its historical average of 7% going back to 1971.
“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 ...
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%.
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