1 Min. Real Estate Outlook for Santa Barbara County (Home Buying & Refinancing Options)

Here are the current mortgage rate details and projections:

1. Average Mortgage Rate: As of December 6, 2024, the average rate for a 30-year fixed-rate mortgage in the U.S. is approximately 6.69%, a decrease from 6.81% last week.
   Read more on AP News
2. January 2025 Projections: Rates are expected to remain stable, ranging between 6.0% and 6.5%, influenced by Federal Reserve policies, inflation trends, and broader economic conditions.
   Learn more on Forbes
3. Market Conditions: Despite minor adjustments, rates are anticipated to hold steady, with gradual declines possible later in 2025.
   Explore insights on Investopedia

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