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When will mortgage rates go back down below 6%? - Yahoo Finance

Mortgage rates haven’t exactly been affordable lately. The average 30-year mortgage rate has hovered between 6% and 7% for the bulk of the last two years.

Just when will they drop back down below 6%, though? And should home buyers wait for 6% rates before buying a house? Fortunately for borrowers, mortgage rates are largely expected to decline this year — at least a little bit.

Jeff Taylor—Board Member of the Mortgage Bankers Association and Founder and Managing Director at Mphasis Digital Risk shares his thoughts on what buyers can expect in the rest of 2025.

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