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Latest reporting and analysis tagged with housing market.
Mortgage rates have dropped to their lowest in over three years, with the average 30-year fixed rate at 6.06%. Economists and AI models provide forecasts for the next five years, predicting rates to remain elevated above 6%.
Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, the lowest since September 2022, according to Bankrate's survey. The drop follows a recent presidential announcement aimed at boosting mortgage-backed securities purchases.
Home mortgages are often bundled into securities sold to investors, generating income from monthly payments. These instruments played a role in the 2008 housing crisis.
Freddie Mac reports the average 30-year fixed mortgage rate dropped to 6.06% this week, its lowest level since September 2022, potentially aiding homebuyers in a sluggish market.
Mortgage rates fell to their lowest level since September 2022 after President Trump announced a $200 billion mortgage bond purchase plan, sparking a surge in loan applications.
Zillow reports average 30-year fixed mortgage rate at 5.94%, with 15-year fixed at 5.39%. Freddie Mac typically reports slightly higher rates. Rates vary by location and loan type.
Mortgage rates remain in the low-6% range, with economists offering mixed predictions for 2026. Experts cite inflation and other factors as key to future rate movements.
President Trump announced a plan to prohibit large investment firms from purchasing single-family homes, aiming to ease housing inventory. Experts debate its impact, noting institutional investors hold a small market share, while local building restrictions and regulatory costs are cited as major affordability challenges.
Mortgage rates have declined after President Trump's plan to ease home affordability. Zillow reports a 30-year average of 5.86%, down 19 basis points, with a Yahoo Finance survey noting lenders offering rates near or below 5.5%.