As of April 19, 2024, the mortgage landscape in the United States has been marked by a period of fluctuation, with rates experiencing a slight increase. Here’s an analysis of current averages and expert predictions for the next two years. The average rate for a conventional 30-year fixed mortgage was reported at 7.22%, while the 15-year fixed mortgage stood at 6.657%. These figures represent a snapshot of the current state of the mortgage market, which is influenced by a myriad of economic factors, including inflation, Federal Reserve policies, and the global financial climate.

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