Norada Real Estate Investments

  • Home
  • Markets
  • Properties
  • Membership
  • Podcast
  • Learn
  • About
  • Contact

Programs to Lower Mortgage Payments

July 2, 2024 by Marco Santarelli

Programs to Lower Mortgage Payments

If you are struggling to make your mortgage payments, there are several programs available to help you lower your monthly payment. These programs can help you save money and avoid foreclosure.

Programs to Lower Mortgage Payments

Government Programs

The federal government offers several programs to help homeowners lower their mortgage payments. These programs are available to homeowners who are experiencing financial hardship, such as a job loss or a medical emergency.

  • Home Affordable Refinance Program (HARP): HARP allows homeowners who are underwater on their mortgage to refinance into a new loan with a lower interest rate. According to Freddie Mac, over 1 million homeowners have refinanced through HARP. To be eligible for HARP, you must have a mortgage that is backed by Fannie Mae or Freddie Mac and you must be current on your mortgage payments. Learn more about HARP
  • Home Affordable Modification Program (HAMP): HAMP allows homeowners who are at risk of foreclosure to modify their mortgage terms. Modifications can include reducing the interest rate, extending the loan term, or forgiving a portion of the principal balance. Fannie Mae reports that over 1.8 million homeowners have received assistance through HAMP. To be eligible for HAMP, you must be experiencing financial hardship and you must have a mortgage that is backed by Fannie Mae or Freddie Mac. Learn more about HAMP

Non-Government Programs

In addition to government programs, there are also several non-government programs available to help homeowners lower their mortgage payments. These programs are typically offered by mortgage lenders and non-profit organizations.

  • Mortgage forbearance: Mortgage forbearance allows homeowners to temporarily stop making their mortgage payments. Forbearance is typically granted for a period of 3 to 6 months, but it can be extended in some cases. The Consumer Financial Protection Bureau recommends contacting your mortgage servicer as soon as possible if you are having trouble making your mortgage payments. Learn more about mortgage forbearance
  • Mortgage modification: Mortgage modification allows homeowners to change the terms of their mortgage. Modifications can include reducing the interest rate, extending the loan term, or forgiving a portion of the principal balance. The Federal Housing Finance Agency provides information on mortgage modification options for homeowners with Fannie Mae or Freddie Mac-backed mortgages. Learn more about mortgage modification

Other Options

In addition to the programs listed above, there are other options available to homeowners who are struggling to make their mortgage payments. These options include:

  • Payment assistance programs: Some government and non-profit organizations offer payment assistance programs to help homeowners catch up on their mortgage payments. Find a payment assistance program in your area
  • Debt consolidation: Debt consolidation can help you combine your multiple debts into a single loan with a lower interest rate. This can free up some of your monthly cash flow to help you make your mortgage payments. Learn more about debt consolidation
  • Selling your home: If you are unable to make your mortgage payments and you are not eligible for any assistance programs, you may need to consider selling your home. Get a free home valuation

How to Choose the Right Program to Lower Mortgage Payments

Understanding Your Options:

There are several approaches to reducing your mortgage burden. Each has its pros and cons, depending on your situation:

  • Refinancing: This involves replacing your current mortgage with a new one, ideally with a lower interest rate or a longer loan term. A lower rate reduces your monthly payment, while a longer term spreads the loan out, lowering the monthly payment but increasing the total interest paid.
  • Recasting: Similar to refinancing, but instead of a new loan, you recalculate the remaining payments based on the current loan balance and interest rate. This can significantly lower your monthly payment but doesn't change the total interest paid.
  • Loan Modification: If you're facing financial hardship, your lender may allow you to modify your loan terms. This could involve lowering the interest rate, extending the loan term, or even reducing the principal balance.
  • Reducing Mortgage Insurance (PMI): If your loan-to-value ratio (LTV) falls below a certain threshold (usually 80%), you may be able to cancel PMI, which reduces your monthly payment.
  • Lowering Property Taxes or Homeowners Insurance: While you don't directly control these costs, you can shop around for better rates or contest your property tax assessment to potentially lower your monthly housing payment.

Choosing the Right Program:

Consider these factors when deciding:

  • Financial Situation: Are you looking for short-term relief or a long-term solution? Can you afford the closing costs associated with refinancing?
  • Loan Details: What is your current interest rate? How much time is left on your loan?
  • Future Plans: Do you plan to stay in your home for a long time?

Getting Help:

A HUD-approved housing counselor can offer free guidance on your specific situation. They can explain the pros and cons of each option, help you navigate the application process, and ensure you choose the program that best suits your needs.

By understanding your options and seeking professional advice, you can make an informed decision and find the best program to lower your mortgage payments and achieve a more manageable housing cost.

Conclusion

If you are struggling to make your mortgage payments, there are several programs and options available to help you lower your monthly payment. It is important to weigh the benefits and risks of each option before making a decision. You should also speak with a housing counselor to get personalized advice about your options.


ALSO READ:

  • My Mortgage is Too High: What Can I Do?
  • Mortgage Rate Predictions for 2025: Expert Forecast
  • Mortgage Rates Predictions for Next 2 Years
  • Mortgage Rate Predictions for Next 5 Years
  • Will Mortgage Rates Ever Be 3% Again: Future Outlook
  • Summer 2024 Mortgage Rate Predictions for Home Buyers
  • Will Mortgage Rates Ever Be 4% Again?

Filed Under: Financing, Mortgage Tagged With: mortgage

Mortgage Rates Dip to 6.86%, But Housing Market Remains Stagnant

June 28, 2024 by Marco Santarelli

Mortgage Rates Hit Near 3-Month Low: Will This Dip Continue?

Recent data from Freddie Mac offers a glimmer of hope for potential homebuyers, with the average 30-year fixed mortgage rate dropping to 6.86% – the lowest level in nearly three months. However, despite this decrease, the housing market continues to exhibit a wait-and-see attitude, remaining largely stagnant for several months.

Mortgage Rates Dip to 6.86%, But Housing Market Seeks Equilibrium

Experts point towards a clear holding pattern in the housing market, with significant movement potentially delayed until 2026 or beyond. This sentiment is echoed by a Gallup poll revealing a historically low 21% of consumers expressing confidence in the current time to buy a house. This lack of confidence highlights a significant shift compared to the hot housing market witnessed during the pandemic.

Beyond just confidence, affordability concerns are also playing a role, with the impact varying across regions. While the slight decrease in mortgage rates offers some relief, the overall impact on housing market metrics remains muted. Danielle Hale, Chief Economist at Realtor.com®, observes stable pricing alongside an increase in listings and slightly longer selling times.

This trend suggests a buyer's market is taking shape, where patient buyers may find opportunities to secure favorable deals. However, affordability challenges persist, particularly for first-time homebuyers, as historically high home prices remain a barrier to entry. The situation is further complicated by geographic disparity.

Certain regions, particularly those that experienced explosive growth during the pandemic, may see a more pronounced correction in prices as buyer demand wanes.

Inventory Rebalancing: A Double-Edged Sword with Regional Nuances

The median home price has shown surprising resilience year-over-year, despite affordability challenges. Interestingly, there's been a surge in smaller home listings, potentially catering to first-time buyers and those downsizing.

Housing stock has also seen a notable increase, with new listings up 7.4% compared to last year. This marks the 33rd consecutive week of growth in available homes, potentially indicating a shift towards a more balanced market.

However, despite the rise in listings, active inventory levels remain below pre-pandemic norms. This limited availability continues to influence market dynamics, particularly in certain regions. Many potential sellers are hesitant to list their properties due to the fear of trading their current low-interest mortgages for the higher rates prevalent today. This seller hesitancy contributes to a slower turnover in the market, further dampening overall activity.

Navigating Uncertainty: The Federal Reserve, Economic Indicators, and Long-Term Considerations

The Federal Reserve's cautious approach towards interest rate cuts, coupled with potential economic shifts, will likely play a key role in shaping future mortgage rate movements. As buyers wait for more favorable conditions, sellers are adjusting to an environment with increased inventory and longer listing times. This suggests a buyer-friendly market with evolving dynamics.

Market responses to economic indicators, such as inflation trends and Federal Reserve policies, will be crucial in determining future mortgage rate scenarios. The uncertainty surrounding these factors underscores the cautious optimism among market participants. Both buyers and sellers are carefully weighing their options as they navigate a period of economic transition.

Looking beyond the immediate future, it's important to consider long-term demographic trends that may influence housing demand. Factors such as millennials entering prime homebuying years and the aging population's need for senior housing could influence future market dynamics.

A Cautiously Optimistic Landscape: Opportunities and Challenges with an Eye on Long-Term Planning

While mortgage rates have reached a recent low, the housing market continues to face headwinds. This necessitates close monitoring of market developments for both prospective buyers and sellers. Shifts in economic conditions and consumer sentiment could significantly alter the current landscape.

Overall, the near-term outlook suggests a cautiously optimistic market environment. Potential buying opportunities may arise amidst ongoing market adjustments, particularly for those who can afford to enter the market at current rates. However, careful consideration of affordability and long-term financial goals remains paramount. Buyers should also factor in potential carrying costs beyond the mortgage payment, such as property taxes and maintenance.

For those considering selling their homes, navigating the current market may require patience and strategic pricing. Understanding the evolving buyer pool and adapting listing strategies accordingly will be crucial for success. The coming months will likely see a continued period of adjustment as the housing market seeks a new equilibrium. By staying informed about market trends and consulting with financial professionals, both buyers and sellers can make informed decisions in this evolving landscape.


ALSO READ:

  • Mortgage Rate Predictions for 2025: Expert Forecast
  • Mortgage Rates Predictions for Next 2 Years
  • Mortgage Rate Predictions for Next 5 Years
  • Will Mortgage Rates Ever Be 3% Again: Future Outlook
  • Summer 2024 Mortgage Rate Predictions for Home Buyers
  • Will Mortgage Rates Ever Be 4% Again?

Filed Under: Financing, Mortgage Tagged With: Housing Market, mortgage

Barclays & HSBC Slash Mortgage Rates: Will UK Housing Market Rebound?

June 28, 2024 by Marco Santarelli

Barclays & HSBC Slash Mortgage Rates: Will UK Housing Market Rebound?

In a significant move that could impact the UK housing market, Barclays and HSBC have announced cuts to their fixed-rate mortgage deals. This decision comes amidst hints from the Bank of England regarding a potential summer base rate cut, which has led to speculation about a downward shift in mortgage rates across the industry.

Barclays & HSBC Slash Mortgage Rates in the UK

Barclays initiated the trend by reducing the cost of its fixed-rate home loans for new deals, a strategic move that was closely followed by HSBC. It has reduced rates by more than 0.25 percentage points in some cases.

Barclays has announced a series of reductions that mean, for example, that a two-year fixed rate for those with a 10%-plus deposit or equity stake that was priced at 5.76% is now being offered at a rate of 5.48%. Another two-year fixed deal that was priced at 5.13% is now on sale at 4.88%.

These changes are expected to come into effect shortly, with HSBC's cuts scheduled for the following Wednesday. Mortgage brokers are predicting that this could set off a chain reaction, prompting more mortgage companies to re-price their offerings downwards.

The timing of these cuts is particularly noteworthy as they coincide with a period of political uncertainty and economic pressures that have been weighing on the UK economy. The average rates for fixed mortgages have seen a gradual increase due to a lack of competition among lenders during the election campaign. However, the recent moves by Barclays and HSBC suggest a reversal of this trend, with most cuts being made in small steps.

For borrowers, this could be a welcome relief. Many are facing the prospect of higher monthly repayments as their current, cheaper fixed-rate deals are set to expire this year. Approximately 1.6 million existing borrowers are in this situation, and the rate cuts could alleviate some of the financial strain they are experiencing.

The housing market typically sees more activity during the spring, but the current political climate may have dampened this seasonal trend. Potential buyers are likely to have been waiting for more clarity on the political front before making significant financial commitments. The Bank of England's Monetary Policy Committee (MPC) is also a focal point of attention, as its next meeting on August 1st could result in an interest rate cut, influencing the housing market further.

The recent actions by Barclays and HSBC are not just about adjusting to market expectations; they also reflect a strategic push to attract more customers in a sluggish market. Lenders are keen to stimulate activity in the housing sector, which has been lethargic due to various factors, including the election, unusual weather patterns, and major sporting events.

While the rate cuts by Barclays and HSBC are modest in the broader context, they are indicative of a potential shift in the mortgage market. Borrowers, especially those with expiring fixed-rate deals, will be watching closely to see if other lenders follow suit and offer more competitive rates.

How Will This Affect First-time Homebuyers in the UK?

The recent announcement by both the banks to cut fixed-rate mortgage deals is poised to have a significant impact on first-time homebuyers in the UK. These changes are expected to make home loans more affordable, which is particularly beneficial for those entering the housing market for the first time.

First-time homebuyers often face the challenge of saving for a substantial deposit and securing a mortgage deal with favorable terms. The rate cuts by major banks like Barclays, which are offering a five-year fixed rate for residential first-time buyers with a 10% cash deposit at 5.27%, represent a substantial saving opportunity for these individuals. This is especially important given that first-time buyers typically have less equity than those who are further along the property ladder and are more sensitive to interest rate fluctuations.

Moreover, the reduction in mortgage rates comes at a time when the UK housing market has returned to its pre-pandemic size, hitting £342bn. This indicates a recovery in the market, which could instill confidence in first-time buyers who may have been hesitant due to economic uncertainties.

The rate cuts are not isolated events but part of a broader trend in the mortgage industry. Other lenders, such as MPowered Mortgages and Santander, have also announced cuts, suggesting a competitive market that could lead to more favorable conditions for borrowers. This competition among lenders is crucial as it can lead to better deals and more options for first-time homebuyers.

However, it's important to note that while mortgage rates are being cut, the overall cost of borrowing remains high compared to historical standards. The BBC reports that despite the cuts, applicants still face much higher costs than many have become accustomed to, and the number of homeowners struggling to make repayments has risen. This underscores the importance of carefully considering the total cost of a mortgage, not just the headline rate.

For first-time homebuyers, the current situation presents both opportunities and challenges. On one hand, the rate cuts offer a chance to secure more affordable mortgages, which could make the dream of homeownership more attainable. On the other hand, the broader economic context, including inflation and interest rates, continues to exert pressure on the cost of borrowing.

As the UK navigates through these uncertain times, the decisions made by major banks like Barclays and HSBC could have a significant impact on the financial well-being of homeowners and the overall health of the housing market. It remains to be seen how this will play out in the long term, but for now, these rate cuts are a step towards more affordable home financing options for many


ALSO READ:

  • UK Housing Market Predictions 2024: Crash or Correction?
  • UK House Prices Hit Record Highs: Will They Keep Climbing?
  • Will the London Housing Market Crash in 2024?
  • Will Mortgage Rates Ever Be 3% Again: Future Outlook
  • Mortgage Rate Predictions for 2025: Expert Forecast
  • Mortgage Rates Predictions for Next 2 Years
  • Mortgage Rate Predictions for Next 5 Years

Filed Under: Financing, Housing Market, Mortgage Tagged With: mortgage

Mortgage Rate Predictions for July 2024: What Experts Think!

June 27, 2024 by Marco Santarelli

Mortgage Rate Predictions for July 2024: What Experts Think!

For aspiring homeowners, the question of mortgage rates looms large. In June, Freddie Mac reported a welcome dip in the average 30-year fixed rate mortgage (FRM) to 6.86%, the lowest level in nearly three months. But what does July hold? Here, we delve into the predictions of experts and unpack the factors influencing these rates.

Will Mortgage Rates Drop in July 2024?

In 2023, mortgage rates went on a wild rollercoaster ride, with dizzying highs and lows. They started the year at a relatively low point of 6.09% in February, offering a glimmer of hope to potential homebuyers. However, this optimism was short-lived. As the Federal Reserve continued its fight against inflation, which had been steadily rising throughout 2022, interest rates began to climb.

By the summer, concerns about inflation had reached a fever pitch, fueled by global supply chain disruptions caused by the ongoing pandemic and the war in Ukraine.

The banking sector also faced uncertainty in the wake of the collapse of Silicon Valley Bank, a major financial institution. This confluence of factors sent mortgage rates soaring to a staggering high of 7.79% in October 2023. This significant increase squeezed the budgets of many aspiring homebuyers, putting homeownership out of reach for some.

The Road Ahead: Will Rates Rise, Fall, or Hold Steady?

Experts offer a mixed bag of predictions for July. Here's a breakdown:

  • The Optimists: Some, like Ted Rossman of Bankrate, believe rates will continue their downward drift. He points to a decrease from 7.33% to 7.03% between April and June and predicts rates could dip below 7% for the first time since February.
  • The Cautious Crowd: Others, like Jacob Channel of LendingTree, expect minimal movement. They anticipate the average 30-year FRM to hover around 7% and the 15-year FRM to stay near 6.2%.
  • The Middle Ground: Experts like Jessica Lautz of the National Association of Realtors (NAR) foresee rates staying in the high 6% range.
  • The Measured Approach: Danielle Hale, chief economist at Realtor.com, predicts moderation in rates. According to Hale, the Fed's revised projections for rate cuts, coupled with recent signs of easing inflation, suggest a potential for lower mortgage rates in July. However, she emphasizes that a significant decline hinges on continued positive inflation data. Hale highlights that inflation remains a double-edged sword for homebuyers. While a positive inflation report in July could lead to lower rates, a higher-than-expected reading could cause them to climb. Ultimately, she advises that savvy homebuyers should take advantage of the increasing inventory in many markets.

Inflation: The Key Player for Mortgage Rate Projections

Inflation remains a central actor in the drama of mortgage rates. If July brings positive news on this front, with inflation showing signs of subsiding, rates might continue to ease. However, a significant decline is unlikely. According to Channel, if inflation shows sustained signs of returning to normal levels, the Fed might cut rates later this year, leading to a more substantial drop in mortgage rates. This, however, hinges on the Fed's assessment of the economic climate and could take time to materialize.

The Impact on Homebuyers

The current scenario presents challenges for buyers, especially first-timers with no equity. As Rossman explains, a $300,000 loan translates to a monthly payment of $1,996 at a 7% rate. While lower than the peak of 8% rates, it's still significantly higher than payments at a more favorable 5% rate. This can significantly impact a buyer's budget and affordability threshold.

The Affordability Challenge

High mortgage rates coupled with historically high home prices are creating a significant affordability hurdle for potential buyers. According to Lautz, sellers are hesitant to move due to the higher rates they'd face on a new purchase, creating a logjam in the market. Potential buyers, on the other hand, struggle to afford existing homes with high prices and rising interest rates. This situation creates a Catch-22 for both buyers and sellers.

A Silver Lining for Existing Homeowners

Even with a potential rate decrease, experts like Danielle Hale of Realtor.com say it's unlikely to benefit the vast majority of current homeowners with rates below 6%. However, every drop makes it easier for them to tap into their home equity, a source of funds for renovations, debt consolidation, or even investment. An increase in such activity could potentially increase inventory and home sales as more homeowners decide to leverage their equity.

The Takeaway: Shop Around and Explore Options

With rates still high, Hale emphasizes the importance of being a savvy borrower. This includes comparing rates from different lenders and ensuring they consider all loan options you might qualify for, such as government-backed loans or adjustable-rate mortgages (ARMs). By exploring all avenues, potential homebuyers can find the best fit for their situation and navigate this complex environment with more confidence.

July's forecast for mortgage rates is uncertain, but by staying informed about the key factors and exploring all options, potential homebuyers can make informed decisions. Remember, even in a fluctuating market, there are opportunities for those who are prepared.


ALSO READ:

  • Mortgage Rate Predictions for 2025: Expert Forecast
  • Mortgage Rates Predictions for Next 2 Years
  • Mortgage Rate Predictions for Next 5 Years
  • Will Mortgage Rates Ever Be 3% Again: Future Outlook
  • Summer 2024 Mortgage Rate Predictions for Home Buyers
  • Will Mortgage Rates Ever Be 4% Again?

Filed Under: Financing, Mortgage Tagged With: mortgage

Locking in a Mortgage? Today’s Rates & Predictions for Next Week

June 27, 2024 by Marco Santarelli

Locking in a Mortgage? Today's Rates & Predictions for Next Week

Finding the right mortgage can feel like deciphering a complex code. This week, we'll break down the current mortgage rate landscape (as of June 25th, 2024) and explore predictions for the upcoming week to help you make informed decisions.

Today's Mortgage Rates & Predictions for Next Week

Good News for Long-Term Homeowners: 30-Year Rates Drop

There's a ray of hope for those seeking stability and predictability. The average 30-year fixed-rate mortgage, the most popular option, has dipped to 7.00%, a welcome decrease of 2 basis points from last week. This follows a significant decline from the highs of 7.80% seen in early October 2023.

The 30-year fixed-rate offers several advantages. You'll lock in a consistent interest rate throughout your loan term, ensuring predictable monthly payments. Additionally, stretching payments over a longer term allows for a potentially lower monthly outlay, making it easier to manage your budget. Finally, 30-year terms often qualify for higher loan amounts, giving you more flexibility when purchasing your dream home.

However, keep in mind that the extended repayment period translates to higher overall interest paid. Additionally, you'll build home equity at a slower pace compared to shorter-term loans.

15-Year Mortgages: Lower Rates, Higher Payments

If you're budget-savvy and prioritize building equity quickly, a 15-year fixed-rate mortgage might be a good fit. While rates ticked up slightly to 6.46% this week, they remain lower than 30-year rates. This translates to significant savings in total interest paid over the loan term. Moreover, you'll accrue home equity at a faster pace, giving you a greater stake in your property ownership sooner. Additionally, 15-year mortgages are often easier to refinance down the line if rates become more favorable.

The trade-off? Higher monthly payments. A 15-year term requires a larger monthly payment compared to a 30-year loan for the same loan amount. This can make qualifying for the loan more challenging, especially for those with lower incomes. Additionally, the higher payments could strain your debt-to-income ratio (DTI), potentially hindering your ability to secure other loans.

Mortgage Predictions for the Upcoming Week

While predicting the future is always tricky, economic factors can influence the direction of mortgage rates. The Federal Reserve's recent pronouncements hinting at potential rate cuts later in 2024 have instilled hope for a continued decline in mortgage rates. However, other economic data and market shifts can also cause fluctuations. For instance, a strong jobs report or unexpected inflation numbers could push rates upward.

Here's a closer look at some key factors that could impact mortgage rates in the upcoming week:

  • Federal Reserve Policy: The Fed's monetary policy decisions significantly influence interest rates across the economy, including mortgage rates. If the Fed signals a more dovish stance and hints at future rate cuts, mortgage rates could see a downward trend. Conversely, an aggressive Fed tightening its belt could push rates higher.
  • Economic Data: Upcoming economic data releases, such as employment numbers or inflation reports, can impact mortgage rates. Positive economic data suggests a strengthening economy could lead to higher rates in anticipation of the Fed raising rates to curb inflation. On the other hand, weaker economic data might prompt the Fed to loosen its monetary policy, potentially causing mortgage rates to fall.
  • Global Market Conditions: Global events and international economic conditions can also influence domestic mortgage rates. For example, if there's uncertainty or instability in the global financial markets, investors might seek the safety of U.S. Treasury bonds, driving bond yields down. Since mortgage rates are often correlated with bond yields, a decrease in bond yields could translate to lower mortgage rates.

The Takeaway

This week presents a slightly better picture for prospective homebuyers with a drop in 30-year fixed rates. Whether you prioritize stability with a 30-year term or aim for faster equity growth with a 15-year loan, carefully consider your financial goals and budget to make the best choice for your situation. Remember, staying informed about current rates and market trends can empower you to navigate the mortgage maze and secure the best deal for your dream home.

The outlook for mortgage rates in the second half of 2024 is also a mixed bag, with the potential for some decline but also reasons for uncertainty:

Possible Rate Cuts: The Federal Reserve's projections of rate cuts later in 2024 are a positive sign. If these cuts materialize, it could lead to a decrease in mortgage rates, making homes more affordable for buyers.

Expert Predictions Diverge: Experts hold differing views. The Mortgage Bankers Association (MBA) predicts a decline in 30-year rates to around 6.5% by year-end, while Fannie Mae revised its forecast upwards to 7%. This highlights the uncertainty in the market.

Economic Data Matters: Upcoming economic data releases will play a key role. Strong economic data could push rates higher due to potential Fed tightening, while weaker data might lead to lower rates as the Fed loosens its grip.

Global Market Fluctuations: Global events and international economic conditions can also influence domestic mortgage rates. Unforeseen situations could cause shifts.

Overall, expect some volatility: While a slight decrease is possible, don't anticipate a dramatic drop. Be prepared for some fluctuations in rates throughout the latter half of 2024.


ALSO READ:

  • Mortgage Rate Predictions for 2025: Expert Forecast
  • Mortgage Rates Predictions for Next 2 Years
  • Mortgage Rate Predictions for Next 5 Years
  • Will Mortgage Rates Ever Be 3% Again: Future Outlook
  • Summer 2024 Mortgage Rate Predictions for Home Buyers
  • Will Mortgage Rates Ever Be 4% Again?

Filed Under: Financing, Mortgage Tagged With: mortgage

Election Season Mortgage Rollercoaster: Will Rates Keep Rising?

June 26, 2024 by Marco Santarelli

Election Season Mortgage Rollercoaster: Will Rates Keep Rising?

The upcoming presidential debate and election season cast a long shadow over the financial markets, and mortgage rates are no exception. The slight uptick we saw on June 26, 2024, with the average rate for the benchmark 30-year fixed mortgage rising to 6.96% from the previous week's 6.94%, reflects the ever-shifting economic landscape and the anticipation of the political event.

This change may seem small, but it can have significant implications for homebuyers and homeowners looking to refinance. The 15-year fixed mortgage rates have also climbed to 6.45%, marking a 0.07% rise since last week.

Interestingly, while fixed mortgage rates have increased, the 5/1 ARM rates have decreased slightly, indicating a nuanced market reaction to the broader economic conditions. This could be a result of the Federal Reserve's decision to maintain its stance on interest rates during the last meeting, with the next review scheduled for July 31.

The current financial environment is marked by a cooling inflation rate, yet homebuyers continue to face challenges due to high prices and rates. Dr. Selma Hepp, chief economist at CoreLogic, suggests that the Fed's “higher-for-longer” position on interest rates is becoming increasingly untenable as American households pull back on spending.

Beyond Borders: The Global Impact on Rates

While the U.S. focuses on its internal economic climate, mortgage rates are intricately linked to a global symphony. Take Denmark for example. Did you know they recently dabbled with negative interest rates for mortgages, essentially paying borrowers to take out loans? This highlights the complex interplay of international factors that can influence U.S. rates. A strong economy in China, for instance, can drive up demand for commodities, impacting inflation and ultimately affecting U.S. monetary policy, which in turn influences mortgage rates.

The American Dream: A Powerful Undercurrent

The decision to purchase a home is a deeply personal one, often transcending pure economic calculations. Here's a thought-provoking fact: according to a recent survey by the National Association of Realtors, a staggering 90% of Americans still believe homeownership is a key part of the American Dream. This enduring sentiment helps explain why some buyers might choose to lock in a rate now, even if it's higher than ideal. They see homeownership not just as an investment, but as a foundation for building a life and a legacy.

A Historical Rollercoaster: Perspective is Key

While today's rates might seem daunting compared to recent years, it's important to remember that historically, they are still quite reasonable. The 1980s, for instance, saw 30-year fixed rates skyrocket above 15%. This historical perspective can offer valuable solace to potential homebuyers navigating the current market. It's a reminder that rates are cyclical, and what goes up eventually comes down.

Looking Ahead: Educated Guesses, Not Guarantees

The upcoming presidential debate and the Federal Reserve's next move in July are just two factors that will continue to shape the mortgage rate landscape. Predicting the future is no easy feat, but here's an interesting tidbit: according to Fannie Mae, purchase applications are expected to decrease by 3.1% in 2024.

This suggests a potential softening of the housing market, which could eventually lead to lower rates. However, unforeseen economic events or policy changes could throw this prediction off course.

For those considering a mortgage, staying informed is crucial. Understanding not just the current rates, but also the long-term implications of any changes, empowers you to make sound decisions. With the right strategy and a patient approach, the dream of homeownership can still be achieved, even in a fluctuating market.

By staying tuned and continuously learning about the mortgage industry, you'll be better equipped to navigate these interesting times and turn the American Dream into a reality. Remember, a little knowledge can go a long way in this complex financial landscape.


ALSO READ:

  • Mortgage Rate Predictions for 2025: Expert Forecast
  • Mortgage Rates Predictions for Next 2 Years
  • Mortgage Rate Predictions for Next 5 Years
  • Will Mortgage Rates Ever Be 3% Again: Future Outlook
  • Summer 2024 Mortgage Rate Predictions for Home Buyers
  • Will Mortgage Rates Ever Be 4% Again?

Filed Under: Financing, Mortgage Tagged With: mortgage

Experts Predict Mortgage Rates to Be Above 6.5% for Rest of 2024

June 21, 2024 by Marco Santarelli

Experts Predict Mortgage Rates to Be Above 6.5% for Rest of 2024

Freddie Mac's recent forecast paints a picture of a housing market in transition. While the U.S. economy maintains a forward momentum, its pace has eased, and inflation remains a pressing concern for the Federal Reserve. These factors are likely to keep mortgage rates elevated for most of 2024, impacting affordability and potentially dampening homebuyer enthusiasm.

Breaking Down Latest Mortgage Predictions

Mortgage Rates: A Plateau Above 6.5%

Fasten your seatbelts for a period of prolonged high borrowing costs. Freddie Mac predicts mortgage rates to hover above 6.5% for the remainder of 2024. This is a modest improvement compared to the peaks of 7.8% witnessed in 2023, but it still represents a significant hurdle for potential homebuyers. With affordability already strained, these rates could sideline some buyers from the market, particularly those who were counting on historically low rates to qualify for a loan.

Home Sales: Stalled Momentum

The housing market is expected to experience a muted performance in the coming months. While demand, particularly from first-time homebuyers, remains steady, affordability constraints will likely put a damper on overall sales activity. This is due to the combined effect of high mortgage rates and rising home prices, making it more challenging for many to qualify for a loan or fit a monthly payment within their budget. First-time homebuyers may find themselves priced out altogether, or forced to make significant concessions in terms of location or property size.

Home Prices: Defying Gravity

Despite the anticipated slowdown in sales, Freddie Mac predicts that unwavering demand and limited housing supply will continue to push home prices higher in both 2024 and 2025. This is a surprising trend in a cooling market, but it highlights the persistent imbalance between available homes and eager buyers. First-time homebuyers may find themselves competing for a smaller pool of available properties, potentially driving prices even higher due to bidding wars. This could further squeeze out some buyers from the market.

Mortgage Origination: A Mixed Bag

Purchase originations, which represent mortgages for new home purchases, might see a slight increase in 2024 compared to 2023. This is primarily driven by the projected rise in home prices, even if the number of transactions dips. However, this doesn't necessarily translate to a surge in homeownership rates. Refinance activity, on the other hand, is expected to remain minimal due to the current high-rate environment. With many homeowners already locked into historically low rates, there's little incentive to refinance at a significantly higher cost.

A Glimpse of Hope: Potential Rate Cut

A glimmer of hope exists in the form of a possible rate cut by the Federal Reserve later in 2024. This scenario hinges on the job market cooling down sufficiently to bring inflation under control. If this occurs, it could lead to a gradual decrease in mortgage rates, offering some much-needed relief to potential homebuyers. However, the Federal Reserve will need to carefully navigate this decision to avoid jeopardizing economic progress.

Challenges for Aspiring Homeowners

Affordability remains a significant hurdle for many aspiring homeowners. The current market presents a double whammy: rising interest rates that increase monthly mortgage payments and high home prices that stretch budgets thin. Additionally, trade-up buyers, who might typically sell their existing home to purchase a new one, are likely to stay put. This is because giving up their current low mortgage rates for a higher rate on a new property creates a financial disincentive to move. This inertia within the market could further limit the available housing stock for first-time buyers.

The Bottom Line: Strategic Considerations

The housing market is entering a period of adjustment, and strategic planning is crucial for prospective buyers. Be prepared for a competitive market with potentially higher costs due to elevated mortgage rates. Patience may be a virtue, as waiting for a potential rate cut later in the year could present a more favorable borrowing environment.

However, economic factors are fluid, and there's no guarantee of a significant decrease in rates. Aspiring homeowners should weigh these factors carefully, considering their budget and long-term financial goals, before making a move. It may also be beneficial to consult with a mortgage professional to explore loan options and determine their borrowing power in the current climate.

By carefully considering these predictions and remaining adaptable, aspiring homeowners can increase their chances of navigating this complex market and achieving their dream of homeownership.


ALSO READ:

  • Predictions: Can Porting Your Mortgage Get You a Lower Interest Rate?
  • Mortgage Rate Predictions: Can Assumable Mortgages Offer Hope in 2024?
  • High Interest Rates Predicted But is Zero Down Payment Possible?
  • Interest Rate Predictions for Next 2 Years: Expert Forecast
  • Interest Rates Predictions for 5 Years: Where Are Rates Headed?
  • Mortgage Rate Predictions for Next 5 Years
  • Mortgage Rate Predictions for the Next 2 Years
  • Mortgage Rate Predictions for Next 3 Years: Double Digit Rise

Filed Under: Financing, Mortgage Tagged With: mortgage, mortgage rates

Mortgage Rates Likely to Decline Further Over the Summer: CPI Report

June 16, 2024 by Marco Santarelli

Mortgage Rates Likely to Decline Further Over the Summer

As the summer progresses, mortgage rates are anticipated to decline further, potentially preventing monthly housing costs from rising excessively. On June 12, daily average mortgage rates dropped to their lowest level in three months following the latest CPI report, which indicated a continued cooling of inflation.

Although the Federal Reserve only forecasted a single interest-rate cut for the year during their June 12 meeting, it is possible they hadn't fully considered the recent inflation data. This might lead to a revision of their projection in the upcoming meeting.

Mortgage Rates Likely to Decline Further Over the Summer

In recent days, mortgage rates have shown volatility. Rates spiked after a strong jobs report last Friday but subsequently dropped. According to Chen Zhao, Redfin’s economic research lead, the latest inflation report is beneficial for homebuyers as it has already led to a decrease in mortgage rates. However, the Fed meeting this week might moderate these declines.

Balancing Act Between Rates and Home Prices

Zhao also cautioned that while lower mortgage rates are favorable, they could stimulate demand more than supply, potentially negating any reduction in home-price growth. This situation might drive prices up, ultimately balancing out the impact on homebuyers' monthly payments. Thus, while rates decrease, the overall effect on monthly housing costs may remain neutral if home prices increase correspondingly.

Current Market Conditions

High costs have currently sidelined some potential homebuyers. Pending home sales have decreased by 3.5% year over year, marking the largest decline in over three months. Redfin’s Homebuyer Demand Index, which measures requests for tours and other buying services from Redfin agents, has dropped 18%, reaching its lowest point since February.

Despite these figures, there is a glimmer of hope: mortgage-purchase applications have risen by 9% week over week. On the selling front, new listings have increased by 7.8% year over year, though they remain below typical springtime levels.

This limited supply is one reason home prices continue to rise despite sluggish demand. The imbalance between supply and demand underscores the complexity of the current housing market..

Indicators of Homebuying Demand and Activity

To further understand the current market conditions, let's examine some key indicators:

  • Daily average 30-year fixed mortgage rate: 6.98% as of June 12. This rate has decreased from 7.03% a week earlier and down from a 5-month high of 7.52% five weeks earlier. However, it is still up from 6.94% year-over-year.
  • Weekly average 30-year fixed mortgage rate: 6.99% for the week ending June 6. This is slightly down from 7.03% a week earlier and down from a 5-month high of 7.22% a month earlier, but up from 6.71% year-over-year.
  • Mortgage-purchase applications (seasonally adjusted): Increased by 9% from a week earlier as of the week ending June 7. Despite this increase, applications are down 12% year-over-year.
  • Redfin Homebuyer Demand Index (seasonally adjusted): Down 2% from a month earlier as of the week ending June 9 and down 18% year-over-year. This index measures requests for tours and other homebuying services from Redfin agents.
  • Touring activity: Up 28% from the start of the year as of June 9. In contrast, at this time last year, touring activity was up 22% from the start of 2023.
  • Google searches for “home for sale”: Unchanged from a month earlier as of June 10.

Future Projections for Mortgage Rates

Looking ahead, the trajectory of mortgage rates and housing costs will depend on several factors, including future inflation data and the Federal Reserve's actions. If mortgage rates continue to drop without a corresponding rise in home prices, homebuyers could benefit from lower monthly payments.

However, if lower rates significantly boost demand without an increase in supply, home prices might climb, offsetting the advantage of reduced mortgage rates.

The coming months will be critical for the housing market. While declining mortgage rates present an opportunity for lower monthly housing costs, the market dynamics of supply and demand will ultimately determine their impact.


ALSO READ:

  • Predictions: Can Porting Your Mortgage Get You a Lower Interest Rate?
  • Mortgage Rate Predictions: Can Assumable Mortgages Offer Hope in 2024?
  • High Interest Rates Predicted But is Zero Down Payment Possible?
  • Interest Rate Predictions for Next 2 Years: Expert Forecast
  • Interest Rates Predictions for 5 Years: Where Are Rates Headed?
  • When is the Next Fed Meeting on Interest Rates in 2024?
  • Mortgage Rate Predictions for Next 5 Years
  • Mortgage Rate Predictions for the Next 2 Years
  • Mortgage Rate Predictions for Next 3 Years: Double Digit Rise

Filed Under: Financing, Mortgage Tagged With: mortgage, mortgage rates

Experts Predict Major Shifts in Mortgage Rates in June 2024?

June 10, 2024 by Marco Santarelli

Experts Predict Major Shifts in Mortgage Rates in June 2024?

The housing market can feel like a rollercoaster at times, and June is shaping up to be no exception, especially for those navigating mortgage rates. Unlike a leisurely scenic train ride, June's housing market promises a white-knuckled experience, filled with sharp turns and unforeseen twists that could significantly impact your borrowing costs.

Buckle up, because things could get interesting. June mortgage rates brace for impact! Here's why:

Mortgage Rates: Experts Reveal What's Coming in June

A Perfect Storm Brewing

June disrupts the usual routine for mortgage rates. Normally, the Consumer Price Index (CPI) report, a key inflation gauge, and the Federal Reserve's policy meeting are spread out on the calendar, allowing the financial markets ample time to digest each piece of information and react accordingly. This orderly process allows for a more measured response in mortgage rates. However, June throws a curveball.

The Big Day: June 12th

Mark your calendars for June 12th, because it's decision day with a double dose of impactful economic news. At 8:30 AM Eastern Time, the eagerly awaited CPI report lands, delivering a fresh snapshot of inflation in the United States. This report is closely watched by investors and financial institutions, as it can significantly influence the Federal Reserve's next move.

Then, buckle up for round two, because just a hair over five hours later, at 2 PM, the Fed unveils its policy statement and updated economic forecasts. This statement outlines the Federal Open Market Committee's (FOMC) decision on interest rates, a key factor that impacts mortgage rates.

The accompanying economic forecasts provide further insight into the Fed's thinking about inflation and the overall health of the economy. Finally, Fed Chair Jerome Powell will hold a press conference, offering his perspective on the data and the Fed's policy decisions.

With all this information dropping at once, brace yourself for some potential surprises that could send mortgage rates on a wild ride. The interplay between the CPI report and the Fed's pronouncements could trigger significant adjustments in mortgage rates, so it's a day to stay glued to the financial news.

What the Experts Say

Market watchers predict a bumpy road ahead for mortgage rates in June. Orphe Divounguy, a senior economist at Zillow, expects continued volatility as the market searches for stability in inflation. This means mortgage rates could swing up or down depending on the news. So, what should you do if you're considering locking in a rate or floating?

Here's where a trusted loan officer can be your best friend. They can guide you through the latest economic data and Federal Reserve pronouncements, helping you understand how these factors might influence mortgage rates in the coming weeks and months.

By having a clear understanding of your financial goals and risk tolerance, your loan officer can tailor a strategy that aligns with your specific needs. For example, if you're risk-averse and prioritize predictability in your monthly payment, locking in a rate now might be a good option, especially if you find a favorable rate before June 12th.

On the other hand, if you're more comfortable with a little uncertainty and believe rates might trend downward in the latter half of the year, floating could be a strategic choice. But remember, this approach comes with the inherent risk that rates could climb even higher.

Ultimately, the decision of whether to lock or float depends on your individual circumstances and risk tolerance. Consulting with a qualified loan officer is crucial for navigating this complex landscape and making an informed decision that aligns with your financial goals.

Even a small change in your mortgage rate can significantly impact your monthly payment. For instance, a 30-year fixed-rate mortgage with a principal of $200,000 and an interest rate of 7% would result in a monthly payment of approximately $1,423.

However, if the interest rate rises to 7.5%, the monthly payment jumps to $1,488. That's a difference of $65 each month, which can strain a household's budget over time. Remember, closing costs can also fluctuate depending on your loan type, credit score, and other factors. So, even a seemingly small change in mortgage rates can have a cascading effect on your overall borrowing costs.

What to Do in June's Mortgage Market?

June's unique confluence of economic data releases could create choppy waters for mortgage rates. So, how can you navigate this potential turbulence? Here are some tips:

  • Stay Informed: Be sure to follow the economic news closely, particularly in the lead-up to June 12th. Reputable financial news outlets and your trusted loan officer can be valuable resources for keeping you up-to-date on the latest developments impacting mortgage rates.
  • Consider a Float Option with a Lock Deadline: This strategy allows you to lock in a rate if the market takes a turn for the worse after the June 12th events. However, locking in a rate typically comes with a fee, so discuss this option with your loan officer to determine if it aligns with your financial situation.
  • Shop Around for the Best Rates: Don't settle for the first rate you're offered. Get quotes from multiple lenders to ensure you're getting the most competitive rate possible.
  • Prepare for Different Scenarios: Think about how you would handle a slight increase or a more substantial jump in mortgage rates. Having a financial buffer can help you weather unexpected changes in your monthly payment.

A Look Back at May

May offered a glimpse into the potential sensitivity of mortgage rates. Rates hovered around the 7% mark, with slight variations. This highlights how even minor shifts in economic data or Fed pronouncements can influence mortgage rates. However, with June's unique calendar and the potential for significant news on the 12th, we could see more pronounced fluctuations in rates compared to May.

The Bottom Line

June promises to be an eventful month for mortgage rates. While some experts predict a potential decline in rates later in the year, the immediate future remains uncertain. By staying informed, considering different strategies, and having a financial buffer in place, you can be better prepared to navigate the potential turbulence in June's mortgage market.

Remember, consulting with a qualified loan officer is essential for making informed decisions that align with your financial goals and risk tolerance. So, buckle up, stay informed, and be prepared to make strategic decisions to secure the best possible mortgage rate for your needs.


ALSO READ:

Will Mortgage Rates Drop in June 2024: Mixed Predictions So Far!

Mortgage Rate Predictions for Next Month: June 2024

Mortgage Rate Predictions for Next 5 Years

Mortgage Rate Predictions for the Next 2 Years

Mortgage Rate Predictions for Next 3 Years: Double Digit Rise

Interest Rates Predictions for 5 Years: Where Are Rates Headed?

When is the Next Fed Meeting on Interest Rates in 2024?

Projected Interest Rates in 5 Years: A Look at the Forecasts

Filed Under: Financing, Mortgage Tagged With: Interest Rate, mortgage

Will Mortgage Rates Drop in June 2024: “Mixed Predictions” So Far!

June 10, 2024 by Marco Santarelli

Will Mortgage Rates Drop in June 2024

Uncertain inflation outlook leads to mixed predictions for June mortgage rates. Experts weigh in on whether rates will climb, fall, or hold steady. Let's find out in this article. The battle against inflation is a key player in the game of mortgage rates. The Federal Reserve, America's central bank, aims to keep inflation under control by adjusting its federal funds rate.

As of April 2024, the inflation rate in the United States was 3.4% for the previous 12 months, according to the U.S. Bureau of Labor Statistics. This is higher than the long-term average of 3.28%. The main contributors to inflation are currently shelter, motor vehicle insurance, and energy.

When inflation rises, as it has been recently, the Fed typically increases the federal funds rate to cool things down. This, in turn, often leads to higher borrowing costs across the board, including mortgages.

Will June 2024 See a Drop in Mortgage Rates?

Here's the crux of the matter: if inflation shows signs of slowing down in the coming weeks, it could signal a potential shift from the Fed. A decrease in the federal funds rate might pave the way for lower mortgage rates in June. However, experts caution that the path of inflation is rarely linear. Persistent inflationary pressures could lead the Fed to maintain or even increase rates, keeping mortgage rates elevated.

Market Predictions: A Glimpse into June

Financial markets are currently anticipating the first cut in federal funds rate by June or August 2024. This cut, if implemented, is expected to have a corresponding decrease in mortgage rates. The upcoming Federal Open Market Committee (FOMC) meeting on June 11-12 will be closely watched for any signs of a policy shift.

The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. These meetings are where the Federal Reserve makes decisions about monetary policy, including the federal funds rate.

If the FOMC signals a dovish stance, which leans towards lowering interest rates, it could bolster hopes for a more significant decrease in mortgage rates later in June or July.

Expert Opinions: Weighing the Possibilities

Real estate professionals are keeping a close eye on the situation. Some believe that a rate cut in June is likely, potentially bringing mortgage rates down to the 6.5% – 7% range. This aligns with the recent downward trend in Freddie Mac's Primary Mortgage Market Survey® (PMMS).

As of May 23, 2024, the U.S. weekly average for a 30-year fixed-rate mortgage (FRM) was 6.94%, which is a decrease of 0.08% from the previous week. However, it's important to note that this is still higher than the year-ago average of 6.57% and the 52-week average of 7%. Others hold a more cautious view, suggesting rates might hover around the current 7% mark for 30-year fixed mortgages in June.

So, Will Mortgage Rates Drop?

Experts are offering a mixed forecast for mortgage rates in June 2024, reflecting the ongoing uncertainty surrounding inflation. While some experts are cautiously optimistic about a decrease in mortgage rates for June 2024, the overall picture remains mixed. The key factor influencing rates is inflation, and its trajectory will largely determine the Fed's next move in its June meeting.

  • Hopeful Signs: The financial markets are currently anticipating a potential cut in the federal funds rate by June or August. This, if implemented, could translate to lower mortgage rates. Additionally, a recent downward trend in Freddie Mac's PMMS data offers a glimmer of hope.
  • Reasons for Caution: Even with a potential rate cut, experts predict mortgage rates might only dip to the 6.5% – 7% range, which is still higher than historical averages. Additionally, persistent inflation could force the Fed to hold steady or even increase rates, keeping mortgage rates elevated.
  • Rates Likely to Stay Put: Several experts, including Molly Boesel of CoreLogic and Ralph DiBugnara of Home Qualified, anticipate rates will hover around the current low-7% range. They point to the Federal Reserve's cautious stance on rate cuts due to persistent inflation. While some, like DiBugnara, see a possibility of a rate cut later in the year, it likely wouldn't translate to significant reductions in June.
  • Potential for Rate Drops: Odeta Kushi of First American offers a more optimistic outlook. She cites recent dips in Treasury yields and mortgage rates, potentially signaling a decrease if inflation continues to cool. However, her prediction hinges on inflation's trajectory, and a resurgence could force the Fed's hand to maintain higher rates.
  • Upward Trend Not Entirely Out of the Picture: Rick Sharga of CJ Patrick Company warns that a Fed rate cut in June is highly unlikely. He anticipates rates will stay within the 7.0% – 7.5% range, potentially even nudging upwards slightly, as the Fed maintains its “higher for longer” strategy to combat inflation.

Overall, the consensus leans towards mortgage rates remaining relatively stable in June. However, the possibility of slight decreases or increases depends on how inflation behaves in the coming weeks.

The Bottom Line: Be Prepared and Stay Informed

The housing market, like any financial landscape, is inherently unpredictable. There are a multitude of factors that can influence mortgage rates, and their behavior can be quite dynamic. While June might see a dip in rates, it's equally possible that rates could hold steady or even increase.

Let's explore how a potential decrease in mortgage rates could translate into relief for homebuyers. It's important to note that experts are not necessarily projecting a drop to 6.5%. However, let's assume a scenario where a borrower is considering a $300,000 loan with a 30-year fixed term.

At a mortgage rate of 7%, their monthly EMI (estimated monthly installment) would be around $1,893. Even if rates decrease by a smaller margin, say to 6.75%, the EMI would decrease to approximately $1,854. This translates to a monthly saving of $39. Over the course of a year, this amounts to a saving of $468.

This additional breathing room can be used to direct funds towards other expenses or even increase the down payment on the house, potentially leading to a more favorable loan-to-value ratio and even lower monthly payments.

Here are some smart steps you can take:

  • Get pre-approved for a mortgage: This will give you a clear picture of your borrowing power and how much home you can comfortably afford under different interest rate scenarios.
  • Work with a reputable realtor: A good realtor will have a finger on the pulse of the local market and can guide you through the process considering current and potential rate fluctuations.
  • Stay informed: Keep an eye on economic news and updates from the Federal Reserve. This will help you stay updated on the factors influencing mortgage rates.

ALSO READ:

Interest Rates Predictions for 5 Years: Where Are Rates Headed?

When is the Next Fed Meeting on Interest Rates in 2024?

Projected Interest Rates in 5 Years: A Look at the Forecasts

Mortgage Rate Predictions for Next 5 Years

Mortgage Rate Predictions for the Next 2 Years

Mortgage Rate Predictions for Next 3 Years: Double Digit Rise

Mortgage Rate Predictions for Next Month: June 2024

Filed Under: Financing, Mortgage Tagged With: Interest Rate, mortgage

  • « Previous Page
  • 1
  • …
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • Next Page »

Real Estate

  • Birmingham
  • Cape Coral
  • Charlotte
  • Chicago

Quick Links

  • Markets
  • Membership
  • Notes
  • Contact Us

Blog Posts

  • Mortgage Rates Today July 30, 2025: Rates Hold Steady Ahead of Crucial Fed Meeting
    July 30, 2025Marco Santarelli
  • Fed Interest Rate Predictions: No Cut Expected Today, July 30, 2025
    July 30, 2025Marco Santarelli
  • Will the Fed Cut Interest Rates by 25 Basis Points This Week?
    July 29, 2025Marco Santarelli

Contact

Norada Real Estate Investments 30251 Golden Lantern, Suite E-261 Laguna Niguel, CA 92677

(949) 218-6668
(800) 611-3060
BBB
  • Terms of Use
  • |
  • Privacy Policy
  • |
  • Testimonials
  • |
  • Suggestions?
  • |
  • Home

Copyright 2018 Norada Real Estate Investments

Loading...