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There's a good chance that mortgage rates will drop before 2025. But don't expect a plunge -- rather, it's more likely we'll see a modest decline from where rates stand today.
The Federal Reserve's rate cuts won't directly lower home prices in 2025. But they could spur a chain reaction that leads to a drop in home prices. The Fed doesn't set mortgage rates or any other ...
“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 ...
After dipping as low as 6.2 percent in September 2024, the average 30-year mortgage rate has risen to 7.08 percent as of early January 2025, despite three rate cuts from the Fed since September ...
So mortgage rates might still be above 6% at the start of 2025. But in the course of the year, they could easily continue to fall. Nobody should expect the return of the 3% mortgage rates home ...
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%.