Will Rates Go Down In 2025
Will Rates Go Down In 2025. Some mortgage professionals see the potential for a gradual decline in mortgage rates this year, while others warn that current rates might be here to stay. A final fed rate cut in 2024 and more in 2025 could help to indirectly put some downward pressure on mortgage rates, prompting a rebound in weekly refinance volume.
Interest rates moved lower near the end of 2024 as the federal reserve cut rates three times, shaving a full percentage point off the federal funds rate since september. The fed has been pushing down borrowing cuts since september, yet mortgage rates remain close to 7%.