Newsweek on Nostr: Mortgage Forecasters Predict Rates at End of 2024 ========== Mortgage forecasters ...
Mortgage Forecasters Predict Rates at End of 2024
==========
Mortgage forecasters predict that mortgage rates will remain above 6.5 percent by the end of 2024. The Federal National Mortgage Association (Fannie Mae) and the National Association of Realtors (NAR) expect the average 30-year mortgage rate to modestly lower to 6.7 percent by the end of the year. The Mortgage Bankers Association predicts it to be 6.6 percent. Freddie Mac forecasts a rate of 6.5 percent by the end of 2024. Mortgage rates have spiked following the Federal Reserve's rate-hiking campaign, leading to home sales plunging to their lowest level since 1995 last year. Despite high mortgage rates, there are still Americans buying homes, particularly those who have waited a long time to buy and believe real estate prices will go up when mortgage rates come down.
https://www.newsweek.com/mortgage-forecasters-predict-rates-end-2024-1922632
==========
Mortgage forecasters predict that mortgage rates will remain above 6.5 percent by the end of 2024. The Federal National Mortgage Association (Fannie Mae) and the National Association of Realtors (NAR) expect the average 30-year mortgage rate to modestly lower to 6.7 percent by the end of the year. The Mortgage Bankers Association predicts it to be 6.6 percent. Freddie Mac forecasts a rate of 6.5 percent by the end of 2024. Mortgage rates have spiked following the Federal Reserve's rate-hiking campaign, leading to home sales plunging to their lowest level since 1995 last year. Despite high mortgage rates, there are still Americans buying homes, particularly those who have waited a long time to buy and believe real estate prices will go up when mortgage rates come down.
https://www.newsweek.com/mortgage-forecasters-predict-rates-end-2024-1922632