Mortgage rates hit a two-month low
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 27 2025
0mins
Source: SeekingAlpha
Mortgage Rate Trends: Mortgage rates have decreased to their lowest level in over two months, with 30-year fixed-rate mortgages averaging 6.76% and 15-year fixed-rate mortgages at 5.94%.
Market Implications: The decline in mortgage rates, along with improving inventory, is seen as a positive development for homebuyers, despite ongoing challenges such as rising home prices and falling mortgage applications.
Analyst Views on HOMZ
Wall Street analysts forecast HOMZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HOMZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 48.910
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Current: 48.910
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
