Part 4/9:
The future of mortgage rates is a significant factor for both buyers and sellers. Currently, there are no clear indicators that mortgage rates will drop to 5% or lower. Elevated rates are expected to persist throughout 2025, likely fluctuating between 5.75% and 7.25%. These predictions hinge on inflation trends and the health of the job market, as positive economic signals tend to keep rates elevated.
This environment can complicate the decisions surrounding home purchases and sales. High rates typically dampen demand, leading to caution among potential buyers. As a result, the market could experience a slower pace of sales if significant shifts do not occur.