Today's Mortgage Rates | Rates May Remain Above 6% Next Year [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
Strong economic data and stubborn inflation could keep mortgage rates from dropping substantially in 2025. Will mortgage rates actually go down next year? Though many forecasts initially expected rates to drop into the 5% range in 2025, that's looking less likely since inflation has been somewhat stubborn recently and the labor market remains strong. In its November housing forecast , Fannie Mae predicted that 30-year rates will fall to 6.30% by the end of 2025. This is a significant revision from its October forecast, which had rates reaching 5.60% by the end of next year. Mortgage rates are expected to ease as inflation goes down and the Federal Reserve lowers the federal funds rate. But recent strength in the economy has shifted market expectations over future Fed cuts, pushing mortgage rates up. "To the extent that the recent run-up in rates has been driven by market expectations of stronger economic growth, we think this bodes well for the labor market outlook and home p
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- Today's Mortgage Rates | Rates Still Haven't Moved Much [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Up as Investors Remain Uncertain About December Fed Cut [Business Insider]Business Insider
- Today's Mortgage Rates | Why Are Rates So Stubbornly High? [Business Insider]Business Insider
- Today's Mortgage Rates | What if the Fed Doesn't Cut Rates in December? [Business Insider]Business Insider
- Today's Mortgage Rates | Why Rates Have Been So High This Month [Business Insider]Business Insider
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