🔍 What’s next for mortgage rates? A slow path to 6%

🔍 What’s next for mortgage rates? A slow path to 6%

After months of uncertainty, 30-year fixed mortgage rates in the U.S. remain just under 6.6%  and experts now say a drop to 6% may take a year or two.

Why? Because mortgage rates follow more than just property market trends. They’re influenced by inflation, labor shifts, and policy signals across major economies.

📉 One good sign: the gap between mortgage rates and 10-year government bond yields is narrowing. That could help bring rates down sooner than expected.

🏠 For buyers, this means opportunity - but also uncertainty. The post-pandemic seller’s market is cooling. And while waiting might bring better rates, it could also mean higher rents or prices.