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President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.
A recent real estate report surveyed participants who were optimistic that federal funds rate cuts would lead to a decline in long-term mortgage rates, but there’s been a divergence ...
Economic and monetary policy uncertainty and inflationary concerns will likely keep mortgage rates elevated for the near future.” ...
The 30-year fixed rate averaged just under 7% this week, according to Freddie Mac, but some economists are already revising their 2025 forecasts upward.
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row.
After rising for several weeks, mortgage rates have dipped slightly this week. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fix ...
The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.
Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the economy — consumer spending — isn’t sustainable.
After shooting up last week to a 7-month high, rates on 30-year mortgages have moved the other way—falling four days in a row and now holding at that lower level.