Skip to content
Skip to content
Mortgage Payment
Envelope Facebook Twitter Linkedin Instagram
Search
Find a Branch
  • Home Page
  • Locations
  • Pick Your Mortgage
    • BuyAHome
    • SaveMoney
    • UseMyVABenefits
    • BuyBig
    • Remodel
    • HelpWithDownPayment
    • RuralHousing
    • CreditChallenged
    • RetireComfortably
  • Loan Options
    • TRADITIONAL PROGRAMS
    • Purchase
    • Refinance
    • Conventional Loan
    • FHA Loan
    • VA Loan
    • Jumbo Loan

    • SPECIALTY PRODUCTS
    • Home Select
    • Portfolio Lending
    • FHA Approved Condos
    • FHA No Credit Score
    • Reverse Mortgage
    • HERO Loan
    • USDA Loan
    • USDA Renovation
    • Physician Loan
    • Renovation Loan
    • HELOC
    • Self Employed
    • Down Payment Assistance Loans
    • First Time Home Buyers
    • Credit Challenged
    • Fixed vs. Adjustable Rate Mortgages
    • Arrive Home Program
  • Apply now
    • Long Form
    • Short Form
  • Resources
    • Mortgage News
    • Geneva AMP
    • Mortgage Payment
    • Login to My Loan
    • Mortgage Calculators
    • Homebuyers Guide
    • Mortgage FAQ
    • Today’s Rates
    • Mortgage Terms Defined
  • Home By Geneva
  • Careers
    • Branch & LO Opportunity
    • Operations
  • Our Story
    • About Geneva Financial
    • Leadership Team
    • Press Releases
    • Contact Us
    • Be A Good Human
    • Human Stories
    • Client Reviews
  • Home Page
  • Locations
  • Pick Your Mortgage
    • BuyAHome
    • SaveMoney
    • UseMyVABenefits
    • BuyBig
    • Remodel
    • HelpWithDownPayment
    • RuralHousing
    • CreditChallenged
    • RetireComfortably
  • Loan Options
    • TRADITIONAL PROGRAMS
    • Purchase
    • Refinance
    • Conventional Loan
    • FHA Loan
    • VA Loan
    • Jumbo Loan

    • SPECIALTY PRODUCTS
    • Home Select
    • Portfolio Lending
    • FHA Approved Condos
    • FHA No Credit Score
    • Reverse Mortgage
    • HERO Loan
    • USDA Loan
    • USDA Renovation
    • Physician Loan
    • Renovation Loan
    • HELOC
    • Self Employed
    • Down Payment Assistance Loans
    • First Time Home Buyers
    • Credit Challenged
    • Fixed vs. Adjustable Rate Mortgages
    • Arrive Home Program
  • Apply now
    • Long Form
    • Short Form
  • Resources
    • Mortgage News
    • Geneva AMP
    • Mortgage Payment
    • Login to My Loan
    • Mortgage Calculators
    • Homebuyers Guide
    • Mortgage FAQ
    • Today’s Rates
    • Mortgage Terms Defined
  • Home By Geneva
  • Careers
    • Branch & LO Opportunity
    • Operations
  • Our Story
    • About Geneva Financial
    • Leadership Team
    • Press Releases
    • Contact Us
    • Be A Good Human
    • Human Stories
    • Client Reviews

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Home>>Mortgage News>> Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

Some Experts Say Mortgage Rates May Fall Below 6% Later This Year

There’s a lot of confusion in the market about what’s happening with day-to-day movement in mortgage rates right now, but here’s what you need to know: compared to the near 8% peak last fall, mortgage rates have trended down overall.

And if you’re looking to buy or sell a home, this is a big deal. While they’re going to continue to bounce around a bit based on various economic drivers (like inflation and reactions to the consumer price index, or CPI), don’t let the short-term volatility distract you. The experts agree the overarching downward trend should continue this year.

While we won’t see the record-low rates homebuyers got during the pandemic, some experts think we should see rates dip below 6% later this year. As Dean Baker, Senior Economist, Center for Economic Research, says:

“They will almost certainly not fall to pandemic lows, although we may soon see rates under 6.0 percent, which would be low by pre-Great Recession standards.”

And Baker isn’t the only one saying this is a possibility. The latest Fannie Mae projections also indicate we may see a rate below 6% by the end of this year (see the green box in the chart below):

The chart shows mortgage rate projections for 2024 from Fannie Mae. It includes the one that came out in December and compares it to the updated 2024 forecast they released just one month later. And if you look closely, you’ll notice the projections are on the way down.

It’s normal for experts to re-forecast as they watch current market trends and the broader economy, but what this shows is experts are feeling confident rates should continue to decline if inflation cools.

What This Means for You

But remember, no one can say for sure what will happen (and by when) – and short-term volatility is to be expected. So, don’t let small fluctuations scare you. Focus on the bigger picture.

If you’ve found a home you love in today’s market – especially where finding a home that meets your budget and your needs can be a challenge – it’s probably not a good idea to try to time the market and wait until rates drop below 6%.

With rates already lower than they were last fall, you have an opportunity in front of you right now. That’s because even a small quarter-point dip in rates gives your purchasing power a boost.

Bottom Line

If you wanted to move last year but were holding off hoping rates would fall, now may be the time to act. Connect with a licensed mortgage professional near you today to discuss your options!

Curious to see what your loan payment could look like? Try our interactive mortgage calculator below:

House Payment Calculator:

GET A RATE QUOTE

FIND A LICENSED MORTGAGE LOAN OFFICER

Conventional Loans

Refinance

FHA Loans

USDA Loans

VA Loans

Jumbo Loans

Reverse Mortgage

Homes for Heroes & First Responder Mortgages

Doctor Loans

First-Time Homebuyers

Down Payment Assistance

FHA Condo

Renovation Loans

Arizona Programs

Share:

More Human Stories

Classic Retro Wireless Headphones

Bring vintage style into the modern era with

Soundtrack Your Summer: A Step-by-Step Guide to Crafting Your Perfect Playlist

Home By Geneva>Soundtrack Your Summer: A Step-by-Step Guide

Think No One’s Buying Homes Right Now? Think Again

Think No One’s Buying Homes Right Now? Think Again

If you’ve seen headlines saying home sales are

Cherry Coke Margarita Slushies

When your summer playlist is on point, you

Rapid Rate Quote

PrevPreviousGeneva Financial Welcomes New Branch Manager Katherine Robins to Louisiana Market
NextGeneva Financial Welcomes New Branch Sales Manager Debra Catena to Tennessee MarketNext

Find a Branch

Mortgage Calculator

Homebuyer's Guide

Get Today's Rates

Apply for a Mortgage or Refinance

Loan Programs

Mortgage Terms Defined

Login to an Existing Mortgage Loan

Careers

Contact Us
  • 180 S. Arizona Ave Ste 310 Chandler, AZ 85225
  • (888) 889 - 0009
  • humansupport@genevafi.com

Your Mortgage Options

  • Apply Now
  • Mortgage Payment
  • Find a Licensed Loan Officer
  • Check Today’s Rates
  • Mortgage Calculator
  • Homebuyer Mortgage Guide

Geneva Goodies

  • Branch Manager and Loan Officer Opportunities
  • Home by Geneva - Home Design & Lifestyle
  • Geneva Gives

Geneva Financial offers Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers.

Geneva Financial LLC, Copyright © 2025
NMLS #42056 | BK #0910215 | MA #ML42056 | CA #603G564
Privacy | Legal Disclaimer | An Equal Housing Lender | All Rights Reserved
  • Site Accessibility
  • Communication Opt Out
  • Disclosures and Licenses
  • Terms of Use
  • Security and Privacy
  • Email and Text Policy
  • Do Not Sell My Personal Information
  • Site Accessibility
  • Communication Opt Out
  • Disclosures and Licenses
  • Terms of Use
  • Security and Privacy
  • Email and Text Policy
  • Do Not Sell My Personal Information
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT

Quick Rate Quote