The past year saw significant expansion in the economy: Inflation fell, as did interest rates. Unemployment rates remained low, and the S&P 500 rose by more than 20%. But with a new incoming administration, shifting financial policies, and continued recovery from the pandemic, what will 2025 hold?
See our predictions for the next year and how your personal finances may be affected.
Mortgages
A few months ago, many people expected mortgage rates to plummet throughout 2025. Now, as economists react to the uncertainty of how markets will respond to the Trump presidency, the outlook for rates is less optimistic. Experts at Zillow, Redfin, Fannie Mae, and the Mortgage Bankers Association predict rates will stay above 6% in 2025.
Yahoo Personal Finance staff