Home Loan Rates Could Dip Slightly, But 2010s-Era Lows Are Years Away

Mortgage rates could fall slightly if the Fed cuts rates later this year, but likely not below 6% before 2025
One expert predicts rates could fall below 6% by Q1 2025, while others see rates holding steady through 2024 or even mid-2025
Lower rates may not happen until high inflation and unemployment goals are met
Even if rates drop modestly, a return to 3-5% rates from 2010-2020 is unlikely in the next year
Experts still advise buying a home when you find one you love and can afford, rather than trying to time the market for lower rates