Mortgage and Refinance Rates Today: Experts Predict High Rates Ahead
The current 30-year fixed interest rate stands at 6.50%, while the 15-year fixed rate has decreased by four basis points to 5.83%. Economists expect mortgage rates to remain high throughout 2025, with predictions ranging from 6.50% to 6.60% by the end of the year. As a result, homebuyers may want to consider locking in their rate now rather than waiting for potential lower rates later this year.
- The impact of rising mortgage rates on affordable housing and the broader economy will likely be significant, with potentially far-reaching consequences for the real estate market and beyond.
- How will changes in government policies or monetary stimulus affect the trajectory of interest rates and the overall direction of the housing sector?