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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 ...
If you signed your mortgage in 2020 or 2021, then you probably locked in a pretty great rate on that loan. But if you signed your mortgage in late 2022 or 2023, it was probably a very different story.
After record low rates, mortgage rates started rising in 2022 due to Fed rate hikes. In October 2023, mortgage rates peaked above 8 percent, but they have since drifted downward, with recent ...
Mortgage rates aren't always reactive to rate cuts Mortgage rates certainly fell after the Fed announced its 50-basis-point rate cut in September, but it wasn't necessarily because there was a ...
“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 ...
Mortgage rates aren't likely to fall back down to 3% anytime soon. Read on to find out where they might be in the next year.
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