Story perspectives

Mortgage Rates Dip: Future Predictions Show Gradual Decline

5/30/2025

30 6

Summary

Story summary

The average 30-year fixed mortgage rate is currently 6.9%, down from 6.91% last week.
The 15-year fixed mortgage rate decreased to 5.90%, a drop of 0.87% from the prior week.
Predictions indicate mortgage rates may decline gradually in 2025, with Fannie Mae estimating 6.5% in Q2 and 6.1% by Q4.
The Mortgage Bankers Association expects rates to hover around 6.7% through Q3 2025.
Economic factors like inflation and Federal Reserve policies will heavily impact future mortgage rates.

1 of 1

Story summary

The average 30-year fixed mortgage rate is currently 6.9%, down from 6.91% last week.
The 15-year fixed mortgage rate decreased to 5.90%, a drop of 0.87% from the prior week.
Predictions indicate mortgage rates may decline gradually in 2025, with Fannie Mae estimating 6.5% in Q2 and 6.1% by Q4.
The Mortgage Bankers Association expects rates to hover around 6.7% through Q3 2025.
Economic factors like inflation and Federal Reserve policies will heavily impact future mortgage rates.