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The 30-year fixed-rate mortgage wasn’t the only unpredictable interest rate. HELOCs blew past 10 percent, while car loans topped the highest in over 10 years.
Mortgage giant Fannie Mae likewise raised its outlook, now expecting 30-year mortgage rates to be at 6.4 percent by the end of 2024, compared to an earlier forecast of 5.8 percent.
After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...
Average mortgage rates open the week with a continued easing on five-month lows as of Monday, August 5, 2024, after last week's Fed policy meeting, where officials held the benchmark interest rate ...
Housing experts say home prices will continue to rise for the rest of 2024. Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end median price on ...
A 6.2 percent mortgage rate is even lower than the 6.6 percent rate economists had penciled in for the end of the year in Bankrate’s quarterly forecast survey from July.
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