A Year From Now, Mortgage Interest Rates Seem Unlikely To Be Much Below Six Percent
Scott P. Rogers
The current average 30 year fixed mortgage interest rate is 6.82%.
If you are waiting to buy a home until mortgage interest rates fall below 6% you might be waiting a while.
A compilation of mortgage interest rate projections by Fast Company (here) show the following projected mortgage interest rates for the first and second quarter of 2025...
Mortgage Bankers Association:
5.9% in 2025-Q1
5.8% in 2025-Q2
Fannie Mae:
6.3% in 2025-Q1
6.2% in 2025-Q2
Wells Fargo:
6.0% in 2025-Q1
5.9% in 2025-Q2
It seems that mortgage interest rates may very well stay near, at or above 6% for at least the next year.
Read more here.
