Realtor.com projects a slight decrease in mortgage rates throughout 2024, with an average rate of 6.8% for the year, gradually reaching 6.5% by the end of the year. This forecast has potential implications for prospective homebuyers and homeowners looking to refinance. The prediction prompts questions about whether 2024 could become a more accessible year for aspiring homeowners. However, it remains to be seen how other factors, such as housing prices and economic conditions, will impact affordability in the real estate market.
– Realtor.com predicts average mortgage rates of 6.8% in 2024, gradually declining to 6.5% by year-end.
– Implications for prospective homebuyers and those considering refinancing.
– Raises the question of whether 2024 will be a more affordable year for homeownership.
– Other factors, such as housing prices and economic conditions, may affect overall affordability in the real estate market.
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