Community Owned. Local News. Burke County, NC.

Trying to clarify mortgage madness for the upcoming year

By SEAN CUTCHENS / FOR THE PAPER
Posted 10/21/23

In the meantime, the Mortgage Banking Association baseline forecast sees mortgage rates at the end of 2024 at 6.1%, dropping to 5.5% at the end of 2025. This decline is expected as the economy slows, inflation lowers, and the spread between mortgage and Treasury rates narrows.

This item is available in full to subscribers.

Please log in to continue

Log in