Mortgage rates are expected to remain volatile for a few months (from April 2025) before following a downward trajectory, likely in the latter half of 2026 and almost certainly by early 2026, especially if a new Fed chairman is appointed.
"my expectation is that rates are going to stay like a little bit volatile for the next few months, but there will be a downward trajectory at a certain point and I think it probably will hit the later half of next year and I think the beginning of 2026 is almost certain, especially if there's a new Fed chairman that comes in."