Mortgage rates are still rising — here’s what it means for 2025
Home buyers may see some relief this year, but the market gridlock continues.
Mortgage rates contain gradually elevated all the design in the course of the final three months, a frustrating pattern for home investors making an strive to enter the housing market.
When the Fed started cutting pastime rates in September 2024, economists, markets, and buyers hoped it would pave the design for a more relaxed lending surroundings and produce reduction to the housing market.
However, mortgage rates contain confirmed to be very sticky despite three rounds of pastime rate cuts.
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