Stable Outlook: Mortgage rates are expected to hold steady in the mid-6% range, with gradual easing likely as inflation cools and Fed rate cuts continue.

Expert Consensus: Fannie Mae, Freddie Mac, and the MBA all project rates around 6.4% in late 2025, softening toward 6.2%–6.3% by March 2026.

Market Impact: Softer rates may boost refinancing and encourage hesitant homeowners to list, leading to a gradual pickup in housing activity.

Buyer Advantage: With affordability improving modestly, early 2026 could offer better conditions for both new buyers and refinancers seeking lower payments.