HousingWire’s Lead Analyst, Logan Mohtashami, has provided a forecast for 30-year mortgage rates in 2024. Mohtashami predicts a potential range of 5.75% to 7.25% by the end of the year, taking into account various economic factors that could influence interest rates in the coming months.
Key points from Mohtashami’s analysis include:
– Forecasted range of 5.75% to 7.25% for 30-year mortgage rates by the end of 2024
– Factors considered in the forecast may include inflation trends, Federal Reserve policy changes, and overall economic conditions
– The projected rate range reflects a potential increase in interest rates from current levels, impacting borrowing costs for homebuyers and refinancing activity.
Mohtashami’s insights provide valuable information for industry professionals and consumers alike, offering a glimpse into the potential trajectory of mortgage rates throughout the year. Stay tuned for updates and analysis as market trends continue to evolve in the mortgage industry.
You can read this full article at: https://www.housingwire.com/articles/could-mortgage-rates-end-year-below-6/(subscription required)
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