They now see a median of four additional rate cuts happening in 2025. The current mortgage interest rates forecast is for rates to embark on a gentle downward.
Mortgage rate forecast for next week ( june 10. The fed delay has upended 2024 forecasts that once called for rates below 6 percent.
2024 Is An Important One For The Housing Market, With Mortgage Rates Playing A Key Role In The Real Estate Landscape.
Mortgage rates will spend the bulk of the year in the 6s, with movement below 6 percent confined to the back half of the year.
Still, Many Experts Think Mortgage Interest Rates Will Start To Trend Downward In.
2.us fed projects one rate cut in 2024, four reductions in 2025.
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2024 Is An Important One For The Housing Market, With Mortgage Rates Playing A Key Role In The Real Estate Landscape.
The average rate is 4.96%.
Although Inflation Has Retreated From Its 2022 Highs, It's Remained At An Annual Rate Of About 3.4% To 3.5% So Far In 2024, Fueled In Particular By Higher Housing Costs.