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July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound
When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mortgage Bankers Association. But when the average 30-year fixed rate jumped to around 6.8% last week, mortgage activity plummeted 10%.
After reaching a peak of 7.04% in January 2025, mortgage rates retreated to the mid-6% range in March but then reversed ...
The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospe ...
Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected ...
In 2021, we saw mortgage interest rates between 2% and 3% — some of the lowest rates we've ever had on record. Even now, mortgage rates hover around 7% for a 30-year conventional mortgage ...
Bankrate’s Greg McBride and others weigh in on what to expect for mortgage rates in March 2025 and beyond. ... Mortgage rate forecast June 2025. Jeff Ostrowski. May 29, 2025 at 3:32 PM.
I took this rate-swing history and applied it to 2023’s year-end 6.6% average rate to create a forecast range for 2024. Some simple math suggests the average 30-year mortgage rate will run ...
Changes could be coming to mortgage rates this month, but they may not be what you expect, experts say. Getty Images Buyers have faced unprecedented challenges in the real estate market since the ...
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