Brought to you by
,

Forecast for the week of December 23, 2024

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage in securing low rates and payments.

It is never our intention to send you spam.

If you don't want to receive future emails like this one, please
CLICK HERE TO UNSUBSCRIBE

Last Week's Mortgage Rate Recap:

Rates moved higher

Even though the Fed cut its policy rate last week, mortgage rates still rose. This is because the rate cut had already been priced into mortgage rates back in November, contributing to earlier rate improvements. However, new projections from Fed members signaling only two rate cuts in 2025 pushed rates higher last week.

This Week's Mortgage Rate Forecast:

Rates should remain about the same

Mortgage rates are not likely to change much between now and the end of the year as trading activity slows for the holidays. Markets have already adjusted for fewer expected Fed rate cuts in 2025, along with concerns about potential increases in inflation and continued economic and labor market strength. Significant declines in mortgage rates are unlikely as we head into 2025.

What's affecting rates this week:

• Christmas: Markets will close early Tuesday and will be closed on Wednesday, as will most mortgage lenders.
• Reduced trading volume: Traders tend to take the last couple of weeks of the year off, resulting in reduced trading volumes that can sometimes cause some fluctuation in day-to-day mortgage rates. However, it is unlikely rates will make any big moves before year-end.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by:

All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report. This is not an offer to lend.