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Mortgage rate forecasts for 2025 suggest that rates will likely remain above 6%, though fluctuations may occur based on economic conditions.

Here’s a breakdown of the latest predictions from key sources:

Fannie Mae: Initially projected mortgage rates to drop below 6% in early 2025 but now expects them to hover around 6.3% by year-end, staying above 6% through 2026.

S&P Global Ratings: Anticipates an average 30-year fixed mortgage rate of 5.9% in 2025, with quarterly averages ranging from 5.8% to 6.0%.

Mortgage Bankers Association (MBA): Adjusted its outlook, predicting rates in the mid-6% range throughout 2025, citing ongoing inflation concerns.

HousingWire: Projects rates between 5.75% and 7.25% for 2025, highlighting potential economic volatility that could impact this range.

These predictions are influenced by factors like inflation trends, economic developments, and monetary policy decisions. Because rates also depend on individual factors such as loan programs, down payments, credit scores, and property types, consulting a mortgage professional is essential for tailored advice.