Estimated Mortgage Rates In 2025. Freddie mac anticipates that mortgage rates will ease in 2024 and fall below 6.5% in 2025, potentially triggering a wave of refinancing activity. Mortgage rates and property prices remain tightly linked, with falling rates historically driving housing demand—and, in turn, higher prices.

With mortgage rates expected to ease and home prices projected to rise at a more moderate pace, 2025 is shaping up to be a more promising year for both buyers and sellers. Are mortgage rates likely to go down in 2025?