Mortgage rates for a 30-year fixed home loan fell again to 6.6%, decreasing for the third consecutive week, marking a significant trend in the market.
We anticipate that housing inventory will gradually improve as declining rates and the passage of time help mitigate the lock-in effect on existing homeowners.
Although it is difficult to predict where mortgage rates are headed, we expect them to average around 6.3% in 2025, with a potential decline to 6.2% by year-end.
The Freddie Mac rate for a 30-year mortgage likely held steady as the 10-year Treasury yield stabilized at around 4.2%, highlighting their interconnectedness.
Collection
[
|
...
]