Part 4/6:
As of December 20, the average 30-year fixed mortgage rate hovered around 6.9%. Predictions for the first quarter of 2025 suggest a potential range between 5.75% and 6.25%. This projection aligns with historical performance, considering the typical correlation between mortgage rates and government debt interest rates.
It is expected that the 10-year Treasury yield will range from 4.0% to 4.5% during the same period. This correlation indicates that a more precise mortgage interest rate forecast for early 2025 would likely be around 5.75% to 6.25%.