Will Mortgage Rates Go Down In January 2025 Top . Mortgage rates are the lowest since February 2023 Mortgage rates have fallen from the highs they reached in 2023, with the average 30-year fixed mortgage rate ranging from 6.5 and 7.5 percent over the last year. The interest rate on a mortgage loan helps determine your monthly payment and how much the loan will cost overall.
Mortgage rates top 7 for first time since 2002 from www.cleveland.com
While forecasts can vary, experts generally expect rates to be around 6% by the end of 2025 Wells Fargo now expects the 30-year fixed mortgage rate to average 7.1 percent in the first quarter, while it will slide down to 6.9 percent between April and June.
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