Mortgage Predictions: How the New Administration Could Shape 2025 Rates
A new administration means big changes, and the mortgage market is no exception. Forecasting mortgage rates is never easy, even under stable conditions. With heightened uncertainty in the financial world, rates are poised for more fluctuations, especially in the wake of the Jan. 20 presidential in
The Drop in Mortgage Rates Brings Good News for Homebuyers
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome new
What’s Happening with Mortgage Rates, and Where Will They Go from Here?
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how mortgage rate movement thr
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