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 ...

While some may expect future FFR cuts to produce lower mortgage rates, the average 30-year fixed mortgage rate has already come down by approximately 1.4% from its peak in late ’23—from 7.79% ...

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.

Homeownership is often seen as a cornerstone of the American Dream. But for some who bought in recent years, it’s become a costly source of stress.

Bankrate’s Greg McBride and others weigh in on what to expect for mortgage rates in March 2025 and beyond. ... Mortgage rate forecast June 2025. Jeff Ostrowski. May 29, 2025 at 3:32 PM.

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.