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When will mortgage rates go back down to 6%?

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79% Informative

The average 30-year mortgage rate has hovered between 6% and 7% for the bulk of the last two years .

Rates' direction will depend heavily on inflation and the Federal Reserve’s response to it.

Mortgage Bankers Association forecasted a 6.7% rate by the end of 2025 .

Neither Fannie Mae nor the Mortgage Bankers Association predicts that mortgage rates will fall under 6% in 2025 or 2026 .

Many factors could change those projections, including Federal Reserve moves, inflation, tariffs, and employment data.

It is unlikely mortgage rates ever fall as low as 3% again.

There are still steps you can take to make getting a mortgage more affordable.

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83

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82

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51

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informal

Language

English

Language complexity

37

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not hateful

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Time-value

short-lived

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