Mortgage rates are expected to gradually ease over the coming years, though a return to 4% remains a longer-term possibility.

Past 4% levels were achieved during periods of strong monetary support, showing rates can fall when economic conditions shift significantly.

A move back toward 4% would likely require softer growth, lower inflation, and more accommodative central bank policy.

In the meantime, buyers can explore tools such as ARMs, buydowns, or refinancing later to manage borrowing costs effectively.