Mortgage rates largely flat, expected to go down through 2024 (NYSEARCA:XHB)
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Mortgage Rate Trends: Mortgage rates have remained stable, with 30-year fixed-rate mortgages averaging 6.46% and 15-year fixed-rate mortgages at 5.62%, but are expected to gradually decrease through 2024 due to softer economic data.
Market Impact: Despite recent declines in mortgage rates, potential homebuyers remain unmotivated, and experts suggest that a further drop of about one percentage point may be necessary to stimulate buyer demand.
Analyst Views on MBB
Wall Street analysts forecast MBB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MBB 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: 95.450
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Current: 95.450
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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.
