If you’re tempted to delay your move in hopes that mortgage rates will come down, you may want to rethink that strategy based on the latest forecast.

Mortgage Rates Are Expected to Stay in the 6s

Experts say mortgage rates will likely stick around the mid-6% range this year, which is pretty close to where they are now. The good news? They’re not expected to spike either.

Mortgage Rate Projections (30-Year Fixed)

As you can see, rates aren’t expected to drop significantly anytime soon. So, if you find the right home, it may still make sense to move now instead of waiting for a big drop that isn’t projected to happen.

Why Waiting Might Not Pay Off

If you’re looking for a substantial interest rate drop in 2025, you’ll likely be left waiting. According to Yahoo Finance, recent updates from the Federal Reserve and other economic indicators suggest mortgage rates will remain steady—close to where they are today.

That stability can actually work in your favor because it means you can plan with more confidence.

What This Means for You

Are you thinking of waiting for mortgage rates to drop before you buy? Based on the latest projections, you could be waiting for quite a while. Instead, let’s talk about what’s possible for you right now.

I’ll keep you posted as I see changes in these forecasts, especially as economic data shifts. In the meantime, having an expert who can keep you updated and guide you through the process is essential.

Thinking about buying or selling? Let’s connect today.