Townhomes under construction on July 19, 2023, in Mundelein, Illinois. With homeowners reluctant to sell their homes and give up their existing low mortgage rates, the demand for new homes has spiked.

Most housing economists had expected mortgage rates to hit 6% by the end of 2024 and move into the mid-5% throughout 2025. But mortgage rates are still painfully high, around 7%, and the forecast ...

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 ...

The Mortgage Bankers Association predicts in its Mortgage Finance Forecast that mortgage rates will gradually slide from 6.9% at the beginning of 2025 to 6.4% throughout 2026.

Rock-bottom rates are a thing of the past. 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% ...

Currently, the Mortgage Bankers Association predicts a 6.5% average mortgage rate by the end of the year (though that prediction is from the group's August 15 forecast). Fannie Mae projects a 6.4% ...

The average 30-year fixed mortgage rate as of Thursday was 6.99%. By the final quarter of 2025, Fannie Mae expects that to slide to 6.0%. Meanwhile, Wells Fargo’s model expects 5.8%, and the ...

Fed's stance shifts mortgage rate predictions, ... As mortgage rates nudge upwards to 7.14 percent, ... indicating a potential future uptick in new home construction.

It resulted in the 30-year fixed-rate mortgage falling from 4.6% ... While he does not forecast a return to 2020's rate environment in 2022 or 2023, he says never say never in regards to the future.

Average mortgage rates continue to hover just below 7%. Experts don't expect that change in the near future. ... Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at ...

The company’s year-end mortgage rate forecast was revised downward to 6.3%, while its full-year expectations for existing-home sales and single-family housing starts were revised upward.