Projected Mortgage Rates 2025. While the fed has signaled plans for one more rate cut for 2024, housing market experts expect mortgage rates to remain stubbornly high and only gradually ease as we move into 2025. That’s a leg down from the 6.7% average expected across 2024 by year.

Experts forecast a gradual decline in mortgage rates throughout 2025, though rates are expected to remain above 6% for most of the year. Mortgage rates are expected to keep mortgage payments essentially unchanged in 2025 despite continued home price growth.