November 12, 2024 / 9:47 AM EST / CBS News Home prices could drop in some markets next year, but overall, it's unlikely. David McNew/Getty Images Higher mortgage rates and limited homes for sale have created major hurdles for buyers in recent years. Average 30-year mortgage ra...
There are a few events in November that could help push home equity borrowing rates lower, experts say.
Ralph DiBugnara, president at Home Qualified Prediction: Rates will moderate “January looks to be a month of mostly flat interest rates with the average rate on a 30-year fixed hovering around 6.75% and 6.375% on a 15-year fixed. The Fed cut rates in December and then I believe will ...
The jump in rates “is a market reaction to short term factors,” he added. He also encouraged home buyers to shop around for lower rates. “Lenders don’t make any money, unless they make you a loan,” Duncan said. “So you should walk in the door ...
In 2023, the global recovery remains slow with growing regional divergences. As major central banks may begin to cut rates this year, will the global economy perform better? What does 2024 have in store for the economy? Brian Coulton, Chief Economist of Fitch Ratings, in the insightful intervi...
Falling mortgage rates are expected to kickstart home-buying demand. But buyers will still have to contend withhome prices that soared to record highsthis year. Here’s what experts are forecasting about where mortgage rates will go in 2025: ...
This would mean many more rate hikes in 2022 as the dot plot calls for another 1.75 percent rate hike in the year. If inflation doesn't drop significantly by the end of the year, the Fed might need to raise rates much more in 2023 than what the dot plot currently calls for....
A.R. CabralNov. 25, 2024 Are Sunrooms Worth the Investment? Add light-filled living space to your home. Barbara Bellesi ZitoNov. 22, 2024 Boise Housing Market Forecast The outlook for the 2025 Boise housing market largely hinges on interest rates. ...
In 2023, the global recovery remains slow with growing regional divergences. As major central banks may begin to cut rates this year, will the global economy perform better? What does 2024 have in store for the economy? Brian Coulton, Chief Economist of Fitch Ratings, in the insightful intervi...
Yesterday Bank of England (BoE) governor Andrew Bailey was the latest to suggest to the markets that the rate of price rises – spurred by post-pandemic recovery in economies – was starting to slow. As the Old Lady of Threadneedle Street kept rates at 5.25 percent, Bailey sai...