Mortgage Rates Expected to Remain High Through 2025 After 2022 Surge
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Mortgage rates expected to stay above 6% through 2025 (Goldman Sachs forecast)
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Average 30-year mortgage rate fell to 6.62% last week after hitting 7.8% in October
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Lower mortgage rates should marginally improve housing affordability
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Won't completely undo the sharp increase in rates seen in 2022-2023
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Goldman forecasts mortgage originations to reach $2 trillion in 2025, up from $1.5 trillion in 2023