Mortgage rates have been on a volatile path in 2024 due to ongoing inflation concerns and Federal Reserve policy.

Experts predict rates may fluctuate between 6% and 7% for the remainder of the year. While some believe the rates could ease slightly in 2025 as inflation cools, others caution that persistent inflation or economic shocks could keep rates elevated.

For homebuyers, locking in a rate sooner rather than later may be wise, as the direction of future rates remains uncertain, FOR NOW.