Analysts initially thought mortgage rates would drop below 6% in 2025. Investors are pricing in expectations of higher inflation under the Trump administration, which has pushed mortgage rates up. After the November presidential election, many analysts began updating their mortgage rate forecasts to reflect higher rate expectations in 2025. Revised 2025 mortgage rate forecastMany analysts were initially predicting that 30-year mortgage rates would fall below 6% in 2025. Bond yields rose in anticipation of this outcome as a Trump win became more likely, which in turn pushed mortgage rates higher.

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