Rates Likely to Drift Lower: The 30-year fixed is expected to ease into the 6.2%–6.4% range, with a possible dip toward 6.1% if economic data softens.
Fed Cuts Supporting Decline: Recent and anticipated Fed rate cuts should keep downward pressure on mortgage rates, though volatility may continue around major economic releases.
Economic Data Will Dictate Movement: Inflation, labor market cooling, and 10-year Treasury yield trends will determine how quickly (or slowly) rates fall.
Overall Trend: Mild Relief: Experts expect modest, not dramatic, easing through January—creating slightly better conditions for buyers and refinancers, but not a major affordability shift.
Leave a Reply