according to the latest data from Freddie Mac. The average rate on a 30-year fixed-rate mortgage dipped to 6.95%, showing a continuous decline in rates.Yeah, nine probably gave some of you guys a heart attack out there anyway, still hovering just below that 7% mark.
It's not really a magic number, but experts say they are looking for a trend and this trend will come from the Federal Reserve when and if they begin trimming rates.A survey by Fannie Mae recently has shown that 30% of Americans actually believe that race will go up over the next 12 months.So there are actually more people thinking that race would increase next year.Economies from Bank of America are now forecasting about six rate cuts over in 2025 and 2026.
After sitting on the sidelines for months, sellers finally want to offload their houses, but no one’s buying
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