Mortgage Experts Predict Rates Below 6% by Mid-2025 as Fed Cuts Rates
- Fannie Mae most optimistic, expects rates below 6% by end of 2024
- Redfin chief economist expects rates below 6% in 2025, not 2024 due to slow Fed rate cuts
- Moody's Analytics sees rates falling below 6% in early 2025 as spreads narrow
- Mortgage Bankers Association forecasts rates hitting 5.9% in Q1 2025
- Nationwide predicts rates below 6% in Q2 2025 after Fed starts cutting rates in May