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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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Mortgage rates fell 18 bps, but that’s of little solace to homebuyers

Housing Wire

Mortgage rates dropped to 6.78% this week, the biggest weekly decline since mid-March, as investors digested a raft of mixed incoming economic data. Homebuilder sentiment rose for the seventh consecutive month and new construction activity slightly pulled back as the cost of materials picked up.

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Mortgage rates inch closer to 7%

Housing Wire

Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 27, up from last week ’s 6.78%. By contrast, the 30-year fixed-rate mortgage was at 5.30% a year ago at this time.

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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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Today’s Mortgage Rates – May 21, 2025: Rates Go Down Marginally by 5 Basis Points

Marco Santarelli

Adjustable Rates When selecting the right mortgage type, borrowers should weigh the options between fixed-rate and adjustable-rate mortgages (ARMs). Fixed-Rate Mortgages Advantages: Stability: Fixed-rate mortgages, particularly the 30-year option, offer predictable monthly payments.

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Will New Tariffs Actually Lead to Lower Mortgage Rates in 2025?

Marco Santarelli

The Surprising Link Between Tariffs and Mortgage Rates Here's the core idea: when there's economic uncertainty, investors tend to look for safer places to put their money. Think of it this way: if new tariffs create worries about the economy slowing down, investors might flock to buy Treasury bonds.

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Reading The Tea Leaves In The Mortgage Market

Toronto Realty Blog

Reports show that over the last couple of years, lack of affordability and high interest rates have sidelined first-time buyers in Canada’s major housing markets, while those who do not need to borrow as much – such as move-up buyers and some investors – are taking advantage of softer values and healthier inventory levels.

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