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According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage has fallen to 6.47%, a steep decline from 6.73% a week ago and the 2024 high of 7.22%. Rates on 15-year mortgages fell ...
The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation. ... Maybe not. But as of July 25, the average 30-year ...
“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 ...
The current average interest rate for a 30-year fixed mortgage is 6.99% for purchase and 6.95% for refinance, down 6 basis points from 7.05% for purchase and 9 basis points from 7.04% for ...
According to Redfin data for December, the median sale price of a home in the U.S. was $427,430, up 6.2% year over year. Per Zillow , the average value of a home in the country as of Dec. 31, 2024 ...
A best-case scenario probably has mortgage rates dipping into the 4% range by the end of 2025. But rates in the 5% range are more likely. Buyers also shouldn't necessarily expect sub-6% mortgage ...