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Mortgage rates, which are primarily tied to 10-year Treasury yields in the bond market, are also sensitive to other factors, ...
Every month, we offer the same old warning/reminder ahead of the big jobs report--something to the effect of "no other ...
Mortgage rates will probably stay about the same in August. If they change, they're more likely to go down than up. Even if ...
Wondering if it’s better to buy now, or if mortgage rates will drop later this year or in 2026? Key forecasts offer insight ...
While the Federal Reserve could cut interest rates in September, mortgage professionals say it won’t significantly impact the ...
Mortgage rates have dropped, but it's likely not tied to today’s Fed news. Here’s why waiting for a Fed rate cut could be a ...
In 2021, we saw mortgage interest rates between 2% and 3% — some of the lowest rates we've ever had on record. Even now, mortgage rates hover around 7% for a 30-year conventional mortgage loan.
Currently, the Mortgage Bankers Association predicts a 6.5% average mortgage rate by the end of the year (though that prediction is from the group's August 15 forecast).
But mortgage rates move around on a daily, and even hourly, basis in response to a range of factors, including monetary policy, economic data, 10-year Treasury yields and investor expectations.
I took this rate-swing history and applied it to 2023’s year-end 6.6% average rate to create a forecast range for 2024. Some simple math suggests the average 30-year mortgage rate will run ...
Fannie Mae predicts rates will edge down to 6.1 percent by the end of the year, while the Mortgage Bankers Association expects 30-year rates will barely decrease, to 6.6 percent by the end of 2025.