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Average mortgage rates ease lower as of Thursday, January 23, 2025, with benchmark 30-year fixed rates still elevated above 7.00%. Fannie Mae released its January housing forecast, noting a ...
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 ...
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 ...
Mortgage rates are relatively steady as of Tuesday, January 21, 2025, with the 30-year fixed benchmark now averaging over 7.10% a day after President Donald Trump was sworn in for a second term in ...
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 ...
The Mortgage Bankers Association forecasts a similar outlook for the end of 2024, projecting rates to slide to 6.1 percent. Fannie Mae, meanwhile, calls for rates to dip to 6.5 percent by year’s ...