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Mortgage rates dip to 6.6% to mark the lowest level since May 2023

Housing Wire

Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% by the end of 2024 from the current federal funds rate range of 5.25%-5.5%.

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What Will the Real Estate Market Bring in 2024? Market Corrections or Rising Property Prices?

Realty Biz

The 30-year fixed-rate mortgage rate was at 6.6 Bank Rates report the same declining trend in home prices. Bank Rates report the same declining trend in home prices. Looking at Bank Rates, we notice different median home prices, yet the tendency remains the same. Not necessarily.

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Housing Market Crash: Wells Fargo’s 1980s Recession Warning

Marco Santarelli

The Looming Threat of a Housing Market Crash Fears of a housing market crash are looming large, casting a shadow of uncertainty as mortgage interest rates hover near 8%. As concerns grow, investors are advised to closely monitor the housing market's unpredictable fluctuations. economy and the real estate market.

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What to Expect from Real Estate During Inflation

Realty Biz

However, inflation has benefits for real estate investors whether it is your primary residence or investment properties. Specific to real estate, inflation is going to drive both higher mortgage rates and higher property values. And it probably will be once the higher interest rates kick in.

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5 predictions for the 2022 housing market

Housing Wire

The Federal Reserve has announced plans to gradually “taper” its supportive monetary policy: Net acquisitions of agency mortgage-backed securities are expected to cease by the end of March and the Federal Open Market Committee has signaled possibly three 25-basis point increases in the federal funds target by yearend 2022.

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How the U.S. Housing Market Was Rocked by COVID-19—and Where We Go From Here

Realtor.com

It was the first time the Central Bank had made such a move since the 2008 financial crisis. At the same time, investors became spooked from the uncertainty of a looming global health crisis and, predicting a crash, pulled out of the stock market. What resulted was the lowest interest rates we’ve ever seen.

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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

If you're wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you're an investor, then here is some good news for you. Individual investors or second-home buyers, who account for many cash sales, purchased 9% of homes in June, down from 14% in May 2020, and 10% in June 2019.

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