With 2024 winding down, mortgage rate forecasts for 2025 are rolling in, showing some moderation ahead. Generally, this is good news for the housing market, especially for first-time homebuyers who’ve been eagerly waiting in the wings for the right time to jump into the market. But as econ...
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 end, while Bright MLS, a real estate listing service in the Mid-Atlantic region, forecasts a ...
19 report put the weekly 30-year fixed mortgage rate average at 6.72%, up 12 basis points from the previous week. But note that Freddie’s data are almost always out of date by the time it announces its weekly figures. Still, they’re a good way to track trends. Expert forecasts for...
Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s economists and other researchers, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected ...
Expert mortgage rate forecasts — updated today Looking further ahead, Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates. And here are thei...
Some Wall Street economists on Friday predicted the Fed could cut its benchmark rate by 0.5 percentage points at its September meeting, compared with prior forecasts for a 0.25 percentage point cut. On Wednesday, the Fed held its benchmark interest rate steady, as expected, but Chair Je...
01/28/2020 [-] UPDATE 3-Pulte forecasts up 01/27/2020 [-] U.S. new 10/24/2019 [-] Government to review reverse mortgage rate after 'gouging' allegations 10/22/2019 [-] Mortgage interest rates are at record lows but there is bad news for borrowers ...
A dissenting voice comes from ZillowZ, where senior economist Orphe Divounguy said by email, “Buyers should not count on any dramatic rate falls in the next few years.” Mortgage rates, he said, will end 2023 above 6%. One takeaway from these forecasts: Sure, mortgage rates might drop ...
“Zillow forecasts 2.6% home value growth in 2025, a relatively slow pace that is similar to this year’s growth,” the analysis notes. “For existing home sales, Zillow forecasts 4.3 million in the coming year, up slightly from 4.1 million in 2023 and a projected 4 million in 2024.” ...
slower than home prices have grown over the last few years. However, home sales are expected to dip this year, largely due to rising interest rates. An expected 4.06 million existing homes will sell in 2024, Zillow forecasts. This is down slightly from the 4.09 million that sold in 2023....