According to Smith, mortgage rates could move lower slowly and steadily, but numerous risks could also keep rates elevated. Fannie Mae now expects rates around 6.1% by the end of 2025 and 5.8% by the end of 2026.

Friday's mortgage rates ended up being right in line with Thursday's on average.  At 6.72%, the MND daily rate index is as low as it's been since early April when it hit 6.60%. If you're thinking that 6.

Right now buyers have less competition, more options, and more time to consider those options,” one pro tells us