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Here's What 5% Mortgage Rates in 2025 Would Mean for Home Buyers

Summary by The Motley Fool
Image source: Getty Images After falling to a 2024 low of about 6.1% in anticipation of the Federal Reserve starting to cut rates, 30-year mortgage rates have rebounded significantly. In fact, over the past couple of months, the average rate on a 30-year fixed-rate mortgage has climbed by about a full percentage point. According to the latest data from Mortgage News Daily, the average 30-year mortgage rate now sits at 7.13%.Although rates are el…
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