Tag: Housing
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Don’t Expect Mortgages to Fall Too Much in 2025
At the beginning of 2024, just about everyone thought mortgage rates would finally start falling. Inflation was cooling, a recession looked possible, and the Federal Reserve was expected to cut rates aggressively. The Mortgage Bankers Association even forecasted that 30-year fixed mortgages would land near 6% by year-end, a nice break from the near-8% rates…
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When Are Home Prices Dropping?
Various factors are pushing housing to extremes that have not been seen in generations, if at all. Home prices are just off all-time highs, while mortgage rates are at the highest in over a decade. With mortgage rates increasing so quickly in 2022, people wonder when home prices will drop. Ultra-low mortgage rates and a…
