In September, mortgage rates maintained their downward trajectory, returning to levels last seen two years ago, according to analysis from the National Association of Home Builders (NAHB). NAHB is forecasting that the 30-year mortgage rate is expected to near 6% on a sustained basis by the end of 2024, with a further decline to just below 6% during 2025. NAHB also predicts furthering easing by the Federal Reserve before the end of 2024.

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