Mortgage rates hitting a century-high of 8% this month has left economists, homeowners, and prospective borrowers alike wondering when (or whether) the market will let up. Capital Economics doesn’t expect mortgage rates to fall significantly anytime soon—how does 6% or higher through the end of 2025 sound?
The London-based research firm, known for its housing market forecasting, released a revised mortgage rate forecast on Thursday, showing it’s unlikely that mortgage rates will fall below 6% before the end of 2025. Thomas Ryan, the new U.S. property economist for Capital Economics, tells Fortune: While the firm has “kept the same path for mortgage rates that we had in our previous forecast, we’ve shifted up our anticipated path for mortgage rates.”
