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Real Estate Insights: If Crystal Balls Could Reveal Future Interest Rates

Real Estate Insights: If Crystal Balls Could Reveal Future Interest Rates

Some good news for a change for prospective home buyers hoping for competitive mortgage rates, the most recent Fannie Mae forecast predicts rates will drop toward the end of 2023. In May of this year, a typical 30-year fixed-rate mortgage had an interest rate of about 6.4% according to Freddie Mac. If Fannie Mae’s predictions...