Mortgage Rates Dip Slightly, Experts Predict Stability

Mortgage rates saw a minor dip this week, with the average thirty-year fixed rate at six point one nine percent. The Federal Reserves upcoming interest rate decision could influence these rates, potentially keeping them low. Despite steady rates between six point two and six point three percent since October, demand for refinancing and new home purchases remains modest due to affordability challenges and economic uncertainty. Economists predict similar rates throughout the next year, with some forecasting an average of around six point three percent even into two thousand twenty-six.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.