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Fannie Mae released its January housing forecast, noting a revision that sees 30-year rates decreasing to 6.5% by the end of this year and 6.3% by the close of 2026.
Fannie Mae recently predicted that the average 30-year mortgage rate will fall to 5.7% by the fourth quarter of next year, and the Mortgage Bankers Association has a similar forecast of 5.8%.
Meanwhile, the pace of new single-family home sales fell 16.5 percent in May 2024 from a year earlier, per NAHB data. Mortgage rates: According to Bankrate’s weekly survey of large lenders, the ...
Fannie Mae increased its year-end prediction to 6.4% from 5.9% earlier in the year. The NAR modified its forecast to 6.5% from 6.3%. Wells Fargo's May economic summary adjusted its monthly rate ...
Mortgage rates are likely to come down before the end of the year -- but that drop may be minor. ... But as of July 25, the average 30-year mortgage rate was nearly 6.8%. If rates were to fall to ...
See today's average mortgage rates for a 30-year fixed mortgage, ... 6 ways to get the lowest rate on your next mortgage right now. ... Housing Forecast: December 2024, Freddie Mac. Accessed ...