Average 30-year fixed mortgage rates are expected to remain stable in the mid-6% range, with slight downward pressure if the economy slows.
The Fed may consider a rate cut later in 2025, which could reduce rates further, but any drop is likely gradual rather than dramatic.
Housing supply and demand dynamics will continue to influence rates; a moderate easing could improve affordability and buyer options.
Analysts project end-of-year rates between 6.4% and 6.8%, making this period favorable for refinancing and first-time home purchases
