2024-12-14 23:55:10
Economy
Real Estate
Finance
Mortgage Rates and Housing Affordability in 2025
The press radar on this topic:
The Street
Lower mortgage rates could draw home buyers back to the market in 2025 TheStreet Daily Newsletter
Finance
Economy
Millions of Americans living paycheck to paycheck eagerly await mortgage rate declines, as lower rates could save hundreds per month and make homeownership more affordable. Experts predict modest rate drops to ~6% by 2025, potentially drawing hesitant buyers including first-time buyers, says broker Ryan Serhant. The Black Friday Move offers 50% off TheStreet Pro, while the Consumer Financial Protection Bureau found a $400,000 home cost $1,200 more monthly with a 7.79% vs. 2.6% rate.
abcnews
Economists' 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year
Economy
Politics
Finance
Most 2025 housing forecasts predict mortgage rates above 6% next year, with some as high as 6.8%, due to expectations that Trump's policies could drive up inflation and debt. This is still below the historical 7% average, but the rapid rise in home prices outpacing incomes has created affordability challenges. Over 80% of homeowners currently have sub-6% rates, but some bright spots remain. Freddie Mac data shows rates have ranged from 6.08% to 7.22% this year, and First American forecasts 6-6..
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