Will Mortgage Rates Fall Below 6.5% by End-2024? | #realestate #mortgage #loanofficer #buyincalifornia
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Freddie Mac predicts rates will stay above 6.5% through most of 2024 and may drop below this threshold in 2025.
Also, Fannie Mae forecasts an average rate of 6.8% for Q3 2024 and 6.7% for Q4, potentially declining to 6.5% in early 2025.
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