Current Mortgage Trends: Are Mortgage Rates Going Down?
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Mortgage rates are expected to fall in 2024, but not to the lows seen in 2020 and 2021; Average 30-year mortgage rates are expected to end the year between 6.6% and 6.7%; Inflation and Fed hikes pushed mortgage rates up to a 20-year high in 2023 and 2024; Mortgage rates fluctuate based on factors such as investor demand, inflation, Federal Reserve policy, and geopolitical uncertainty; Major forecasts predict mortgage rates to fall in 2024 and continue to drop in 2025; Mortgage rates are not likely to go back down to 3% anytime soon; Homebuyers may consider buying now and refinancing later to avoid increased competition when rates drop.

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https://www.businessinsider.com/personal-finance/mortgages/will-mortgage-rates-go-down-this-year