Economists predict high mortgage interest rates to continue in 2025.

From Yahoo Finance: 2025-04-21 06:00:00

Mortgage interest rates are currently unstable, with the 30-year fixed rate at 6.79% and the 15-year fixed rate at 6.11%, according to Zillow data. Economists don’t expect significant drops in rates in 2025, with the Mortgage Bankers Association forecasting rates of 7% in Q1, 6.8% in Q3, and 6.7% in Q4. It may not be worth waiting for rates to decrease before buying a home. Mortgage refinance rates are slightly higher than purchase rates, with the 30-year fixed refinance rate at 6.83% and the 15-year fixed refinance rate at 6.22%. Remember, these figures are national averages.



Read more at Yahoo Finance: Economists predict rates will stay high