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By the week ending Oct. 26, 2023, rates had climbed to 7.79%, the highest rate since September 2000. ... Freddie Mac doesn’t offer a specific mortgage interest rate forecast, but it does issue ...
Mortgage rates fell sharply to close out 2023, but have remained relatively stable at 7 percent so far this spring. As of March 27, the average rate on 30-year loans was 7.01 percent, according to ...
The average rate for a 30-year mortgage more than doubled between August 2021, when it was just 3 percent, and October 2023, when it reached 8 percent. (Rates have now dipped a bit and were back ...
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 ...
House hunters in the United States saw signs of hope earlier this year when average mortgage rates dipped more than three-quarters of a point from their 2022 peak of 7.08%. But those hopes have ...
“We are revising our forecasts for mortgage rates higher, to 7.1% for year-end 2023 and 6.8% for year-end 2024 from prior forecasts of 6.6% and 5.9%, respectively,” Roger Ashworth, managing ...