Reported about 1 month ago
As of February 2025, mortgage rates are expected to remain steady around 7.03%, hindered by persistent inflation and a strong economy. Predictions suggest that rates may only dip slightly to about 6.5% by the end of 2025, keeping potential homebuyers in a challenging market where higher existing rates discourage refinancing. Experts recommend improving credit scores and understanding debt-to-income ratios to secure better mortgage terms.
Source: YAHOO