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  2. Mortgage Forecast: 6% Rates Still on the Horizon, but Not in Time for Spring

Mortgage Forecast: 6% Rates Still on the Horizon, but Not in Time for Spring

Around 72% of potential homebuyers believe homeownership would be financially feasible if mortgage rates dropped below 5%. However, forecasts don't predict rates falling below 6% until 2025. Despite recent rate increases, any decrease is positive for buyers. Experts suggest that rates may gradually decline, but reaching below 6% this year is uncertain. Comparing mortgage rates, even a 1% difference can significantly impact monthly payments and total interest paid over the loan term.

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Miami Beach Brokers® & the Miami Beach Brokers® logo are registered trademarks of Metro International Investments. All rights are reserved.

All Real Estate Transactions are BROKERED by Real Broker LLC.

All Residential Mortgage Transactions are BROKERED by U.S. FINANCE GROUP, LLC (NMLS ID: 26140)

All other services & lending products are brokered by Miami Beach Brokers LLC unless otherwise disclosed.

Miami Beach Brokers® & the Miami Beach Brokers® logo are registered trademarks of Metro International Investments. All rights are reserved.

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