MBA projects that the average interest rate for a 30-year fixed-rate mortgage will increase from 6.3% in the fourth quarter of 2024 to 6.4% in the first quarter of 2026, and then remain at 6.4% through the year.
“After 10 months of deceleration, October brought a small reacceleration in annual house price growth,” said Mark Fleming, chief economist at First American Data & Analytics.