Mortgage rates remain high

This is a news story, published by Yahoo Finance, that relates primarily to Freddie Mac news.

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mortgage rates

Yahoo Finance

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Business

Business & Economics

When will mortgage rates go down? A look at 2025 rate predictions.

Summary

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77% Informative

Current financial and housing market data indicate little interest rate relief in the coming year .

Freddie Mac reported that rates for 30-year fixed-rate mortgages had stayed below 7% for 13 consecutive weeks .

The next Fed meeting is set for May 6 and 7 . The latest news from the Federal Reserve and other key economic data point toward steady mortgage rates.

To truly save, buyers need both interest rates and home prices to drop.

Buy what you can afford in today ’s mortgage market.

Consider a fixer-upper or condo instead of a single-family home.

Explore rate buydowns to make today 's mortgage rates more palatable.

It’s not impossible to get a 3% interest rate on a mortgage, but doing so requires the perfect set of circumstances.

Assumable mortgages are generally government-backed loans from agencies like the VA , FHA , or USDA .

You’d need to find a homeowner with an assumable mortgage that can be passed to a new owner at the same interest rate.

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