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These housing markets could heat up in 2026, new predictions suggest
The 30-year mortgage rate fell to 6.19%, the lowest since October last year, improving affordability as October home sales rose for four straight months, Freddie Mac said.
- On Thursday, Freddie Mac said the 30-year U.S. mortgage rate fell to 6.19% from 6.23% last week, marking a second straight weekly drop.
- Mortgage pricing generally follows the 10-year U.S. Treasury yield, which lenders use to price home loans, and is influenced by Federal Reserve policy and bond market investors' expectations.
- This week 15-year fixed-rate mortgages averaged 5.44%, easing from 5.51% last week, while year-ago comparisons show 30- and 15-year rates were higher then.
- Falling rates increase homebuyers' purchasing power, and easing rates this fall helped lift sales of previously occupied U.S. homes in October for the fourth straight month.
- The 10-year U.S. Treasury yield was about 4.1% earlier this year, influenced by the Federal Reserve's October rate cut and expectations of another increase next week amid sluggish hiring and a slight unemployment uptick.
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22 Articles
Coverage Details
Total News Sources22
Leaning Left3Leaning Right1Center17Last UpdatedBias Distribution81% Center
Bias Distribution
- 81% of the sources are Center
81% Center
14%
C 81%
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