Mortgage Rates: Current Trends and Future Predictions

Experts predict that mortgage rates will gradually decrease in 2025, with forecasts from the Mortgage Bankers Association and Fannie Mae suggesting a drop to the mid-5% range by the end of the year. Factors influencing these rates include economic conditions, Federal Reserve policies, and potential changes under a new presidential administration. While waiting for lower rates might seem appealing, experts warn that home prices are expected to rise, potentially offsetting the benefits of lower interest rates.