<ul><li>Mortgage rates for December 26, 2024, are hovering in the high 6% range.</li><li>The uncertainty around the economy makes it difficult to predict where the rates will go in 2025.</li><li>Current projections suggest a slight decrease in mortgage rates, which may not significantly improve the affordability of homebuyers.</li><li>Initial estimates predicted a drop in mortgage rates to the low 6% range, but the stubborn inflation and Fed policies make the 2025 rates uncertain.</li><li>The inventory is expected to increase in some areas, and hence, it might still be worthwhile to buy a home in 2025.</li><li>Homebuyers are recommended to get quotes from multiple lenders to ensure the best deal.</li><li>The average 30-year and 15-year mortgage rates are hovering around the high 6% and 6% range, respectively.</li><li>Refinance rates have been similar to purchase rates.</li><li>Mortgage rates are largely impacted by economic trends, Fed policies, the state's current mortgage rates, and the type of loan, among other things.</li><li>Mortgage rates are likely to trend down in 2025, but they may not drop enough to the historic lows of 2020 and 2021.</li></ul>

Today's Mortgage Rates | Will Rates Drop Enough to Buy a House in 2025?

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