Mortgage Rates Drop To Lowest Levels Since December, But Housing Market Remains 'Largely Stuck' - JPMorgan Chase (NYSE:JPM)
1. Mortgage rates decline to 6.88%, lowest since December 2024. 2. Weak demand for home loans continues despite falling mortgage rates. 3. JPMorgan projects housing market to remain stagnant through 2025. 4. Forecasts suggest mortgage rates won't breach 6% in 2025. 5. Existing home sales dropped 4.9%, biggest decline in seven months.