If Wishes Were Horses……………….

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Major economic research groups and mortgage institutions forecast that 30-year fixed home loan rates will remain largely range-bound between 5.75% and 6.5%, with a potential modest downward trend toward the 5.8%–6.0% mark by late Q4.  

Below are the basic influencers keeping rates in a tight range

Major Housing Institution Forecasts

InstitutionProjected Q3/Q4 AverageKey Outlook Notes
Fannie Mae5.9% – 6.1%Expects gradual decline below 6.0% near year-end, boosting refinancing volume.
Mortgage Bankers Association (MBA)5.9% – 6.2%Projects modest easing, averaging around 6.4% across the full year.
Morgan Stanley5.75% – 6.0%Foresees potential dips to 5.75% before stabilizing.
Bankrate6.1% – 6.2%Predicts rates hovering near 6.0%–6.2% with minor fluctuations.

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Primary Drivers Influencing Rates

  • Federal Reserve Policy: Additional benchmark rate cuts driven by stabilizing inflation and labor market adjustments are providing mild downward pressure on consumer borrowing costs.  
  • 10-Year Treasury Yield Spreads: Mortgage rates closely track the 10-Year Treasury yield. Fluctuations in bond markets continue to dictate week-to-week mortgage rate movements.  
  • Economic Data & Inflation: Strong economic output or persistent service-sector inflation could keep rates sticky around the mid-6% range, whereas a slower economic growth profile favors lower mortgage rates.  

Summary: While pandemic-era sub-3% rates are not anticipated to return, the consensus across major forecasters points to a stabilizing market fluctuating between 5.8% and 6.5%.

What does this mean for you?

Rates will likely be range bound through the year in spite of the tug-of -war between Trump  and the Fed. Home prices have eased a little, but not enough to offset the effect of higher rates. Don’t expect policy changes, economic conditions  or global politics to trigger a cascade to improved affordability

Bottom line – when you find that perfect affordable home, buy it..

What is the 30-day forecast for home loan rates?

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Here’s a current 30-day outlook for U.S. home loan (30-year fixed mortgage) rates and near-term expectations as of mid-January 2026:

Current rate environment

  • Recent lender surveys show the average 30-year fixed mortgage rate around the low-to-mid 6% range, e.g., about 6.34% in early December 2025, slightly above levels from a few weeks prior.

Short-term (next 30 days) forecast

  • Modest downward pressure: Some short-range models through early 2026 suggest only small changes, with average 30-year mortgage rates forecast at roughly 6.1%–6.2% in January–February 2026.
  • Little volatility expected: Most forecasts do not project a sharp drop or spike within the next month; instead, rates are expected to move within a narrow band around current levels (mid-6% range).

Key factors that will influence 30-day movement

  1. Treasury yields: Mortgage rates track long-term bond yields (especially the 10-year Treasury). If yields rise, mortgage rates typically rise; if yields fall, mortgage rates typically ease.
  2. Fed policy signals: Although the Federal Reserve’s short-term rate decisions do not directly set mortgage rates, expectations about future rate cuts or pauses can influence bond markets and thus mortgage pricing.
  3. Inflation and economic data: Strong inflation or jobs data often push rates higher; weaker data can ease upward pressure.

Practical near-term guidance

  • If you plan to lock a rate soon: Expect modest fluctuations but no dramatic swings. For most borrowers, locking within a mid-6% range is a reasonable baseline assumption for the next 30 days.
  • If planning to float before locking: Floating may yield small improvements if long-term yields drift lower, but the overall forecast does not show significant declines in the immediate 30-day period.

Summary

  • Current baseline: ~6.1%–6.4% for 30-year fixed mortgages.
  • 30-day outlook: Rates likely to remain within a narrow range near present levels with only modest downward or upward drift.

If you want a precise daily forecast or live rate feeds, I can provide the latest survey figures and charts from Freddie Mac, Bankrate, or Zillow — just let me know your preferred format (table, chart, bullet points).

Mixed Signals

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To forecast Fed policy, one needs to weigh the key forces pulling in opposite directions:

Inflation concerns

  • Inflation — especially core inflation — remains elevated and sticky, in part due to tariff effects, supply chains, and broad-based price pressures. Some Fed officials are sounding alarms about giving too much leeway too soon. Reuters+1
  • The Fed has emphasized that it wants to see stronger evidence that inflation is slowing sustainably before cutting aggressively.

Labor market & economic softness

  • On the flip side, labor market indicators are showing signs of weakening. Unemployment has drifted upward from the recent lows, and hiring is less robust.
  • Consumer sentiment is under pressure, and business outlooks are cautious.
  • Some Fed minutes and statements show that many members are already concerned about downside risks to growth and employment. AP News+1

Internal Fed division & communication (forward guidance)

  • Fed officials are split: some lean more hawkish (resisting cuts) and others more dovish (pushing for easing).
  • How the Fed frames its “dot plot” projections, its economic outlook, and its forward guidance will matter a lot. If they signal “data dependence” or caution, markets may interpret it as a slower path of easing.
  • The communication risk is high: any signals that cuts are coming too fast could spook markets if inflation reverses.

What I expect for the next Fed meeting

Given the current evidence, my projection is:

  • Probability of a 25 basis point (bps) cut is quite high — it seems largely “priced in” by markets.
  • A 50 bps cut is unlikely, unless there is a dramatic worsening in data (e.g. a shock drop in jobs, major growth contraction).
  • The Fed will likely adjust its projections downward for growth and upward for unemployment (or “less favorable” labor market assumptions).
  • The Fed’s forward guidance will matter: I expect them to emphasize that further cuts will be “data dependent” or “gradual,” possibly tempering market expectations for aggressive easing.
  • The “dot plot” may show a modest number of cuts for the rest of the year, but perhaps fewer than current market expectations.

If I had to put a single outcome: a 25 bps cut, along with a somewhat cautious tone about further cuts, is the most probable result.

Risks / alternative scenarios

  • Downside surprise (dovish surprise): If the economic data before the meeting worsen sharply (jobs collapse, consumer spending tanks, inflation softens more than expected), the Fed might signal more aggressive cuts ahead or even surprise with a 50 bps move.
  • Upside surprise (hawkish surprise): If inflation rebounds strongly or supply shocks emerge, the Fed might pull back, delay cuts, or even consider pausing easing, surprising markets on the hawkish side.
  • Stalemate / hold: Though less likely under current conditions, there is a risk the Fed holds rates steady if the data are mixed and if they prefer more clarity before acting.

What this implies for markets

  • If the Fed delivers a 25 bps cut and leans dovish, rate-sensitive sectors (housing, credit) may rally, fixed-income yields could decline, and equities might get a boost.
  • Conversely, if the Fed turns more cautious or hawkish, that could generate volatility (especially in bond markets) and dampen equity gains.
  • Forward expectations could shift: markets may revise their pricing of how many cuts remain this year.

Meanwhile

  • Home loan rates are low. With decent credit virtually any down payment will get you a mortgage rate in the 5%’s.
  • Home loan rates have been wiggling in a very tight range. Mixed economic signals will maintain the current range until a (interpreted) new direction reveals itself sending home loan rates suddenly up or slowly down

Are you in the market for a new home? Great! Negotiate a favorable transaction, lock in your pre-approved loan and march to closing, If rates drop later, take advantage, it’s a free market in the USA!

Mortgage Rate Predictions

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I get feedback from clients, Realtors and just about anyone when I tell them I am in lending.

Factors Influencing Mortgage Rates:

The Federal Reserve’s decisions on interest rates significantly impact mortgage rates. Expectations of future rate cuts by the Fed can lead to lower mortgage rates, while expectations of rate hikes can push rates higher. I hear no chatter about a rate cut at the meeting month end. Forget data analysis and analyzing forecasts. I believe the best indicator is “no press conference following.”

Economic Growth and Inflation:

.Strong economic growth and rising inflation can put upward pressure on mortgage rates, while slower growth and lower inflation can lead to lower rates. At this point, the economy is growing.

Housing Market Dynamics:

.Housing market conditions, such as inventory levels and affordability, can also influence mortgage rates. For example, high demand and low inventory can push prices and rates higher. 

Forecasts and Predictions:

Fannie Mae projects that the average 30-year mortgage rate will be around 6.5% by the end of 2025 and 6.1% by the end of 2026, according to CNET and Forbes. 

Freddie Mac’s data indicates that the average 30-year fixed-rate mortgage rate was 6.72% as of July 10, 2025. 

Other Experts:

Several other housing authorities and financial institutions also predict rates to remain above 6% throughout 2025, with some expecting a gradual decrease into 2026. 

  • National Association of Home Builders (NAHB):

The NAHB expects rates to average 6.75% throughout 2025 and 6.27% in 2026, with a potential drop below 6% in 2026. 

Advice for Homebuyers:

  • Stay Informed:

Keep a close watch on mortgage rates and economic data, and consider consulting with a mortgage professional for personalized advice. 

  • Shop Around:

Compare rates from multiple lenders to find the best deal for your situation. 

  • Consider Refinancing:

If rates drop significantly in the future, you may have the option to refinance your mortgage.

In conclusion, mortgage rates are likely to fluctuate within a range of 6% to 7% throughout 2025, with some experts predicting a gradual decrease in the coming years. Factors such as Federal Reserve policy, economic conditions, and market sentiment will continue to influence these rates. 

Bottom line? Rates will continue to fluctuate in a tight range, currently on the upside. If a transaction makes sense at current rates, execute.

Crystal Ball – Looking all the way back to the 70’s, housing appreciation, on an annual basis,is practically a lock. Looking forward, there is nothing on the horizon to indicate otherwise. Buy now or pay more later.

Is There a VA Loan In Your Future?

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In todays real estate and mortgage market, assuming an existing VA loan, when available, may be your best financing option

Assuming a VA loan means taking over the current mortgage of a home that has a VA (Department of Veterans Affairs) loan on it—often at a lower interest rate than current market rates. Here’s how to assume a VA loan and what to watch out for:

✅ Steps to Assume a VA Loan

  1. Verify Assumability
    • VA loans closed before March 1, 1988 are generally freely assumable (no lender approval needed).
    • VA loans closed on or after March 1, 1988 require lender and VA approval.
  2. Meet Eligibility Criteria
    • You do not have to be a veteran to assume a VA loan.
    • You must qualify financially: creditworthiness, income verification, and debt-to-income ratio will be reviewed.
  3. Contact the Loan Servicer
    • Reach out to the current servicer of the VA loan to begin the assumption process.
    • Request an assumption package or application.
  4. Submit Application & Pay Fees
    • Complete the lender’s assumption application.
    • Fees typically include:
      • Assumption fee (usually $300–$500)
      • VA funding fee (0.5% of the loan balance)
      • Closing costs and title transfer expenses
  5. Receive Approval
    • If approved, you’ll sign an Assumption Agreement and related legal documents.
    • The lender will formally transfer the loan into your name.
  6. Close the Transaction
    • Finalize the property transfer via a real estate closing, with title work and possibly an escrow account setup.

⚠️ Important Considerations

  • VA Entitlement Tied Up: If the seller allows you to assume their loan and you’re not a veteran using your own entitlement, the seller’s VA entitlement stays tied to the loan until it’s paid off or refinanced.
  • Release of Liability: The seller should ensure the lender issues a Release of Liability, so they are not held responsible if you default.
  • No Cash-Out: If the home’s market value is higher than the loan balance, you’ll need to pay the difference in cash or arrange secondary financing.

🔍 When Is It a Good Idea?

  • When interest rates today are much higher than the VA loan being assumed.
  • When you want to avoid a full new loan underwriting process.
  • When the home seller is offering favorable terms or low equity buy-in.

Any real estate transaction has  several steps and several moving parts which must be effectively managed to assure a clean transfer of title and proper assumption of the VA loan. No one (buyers, sellers, agents) wants problems after money and title changes hands.

Always engage an experienced real estate agent and their recommended professionals for guidance, start to finish.

Can I help? Absolutely. Call me at 253-219-2162.

Bare Naked versus Shielded Risk

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What would happen if FNMA/FHLMC were privatized without guarantee fee intact?

Privatizing Fannie Mae (FNMA) and Freddie Mac (FHLMC) without the guarantee fee intact would have significant and complex implications for the U.S. housing market. Here’s a breakdown of the potential consequences:

Key Implications:

  • Increased Mortgage Rates:
    • Without the implicit or explicit government guarantee, investors would perceive a higher risk in mortgage-backed securities (MBS) issued by these entities.
    • To compensate for this increased risk, investors would demand higher yields, leading to higher mortgage interest rates for borrowers.
    • This could significantly impact housing affordability, making it more expensive for individuals to purchase homes.
  • Reduced Liquidity in the Mortgage Market:
    • The guarantee provided by Fannie and Freddie ensures a high level of liquidity in the mortgage market.
    • Without this guarantee, the market for MBS could become less liquid, making it more difficult for lenders to sell mortgages.
    • This could lead to a contraction in mortgage lending, limiting the availability of credit for homebuyers.
  • Increased Credit Risk:
    • Without government backing, Fannie and Freddie would be exposed to greater credit risk.
    • They would need to build up substantial capital reserves to absorb potential losses from mortgage defaults.
    • This could lead to stricter lending standards, making it more difficult for borrowers with lower credit scores to obtain mortgages.
  • Changes in Market Participants:
    • The role of various market participants, such as banks and institutional investors, would likely shift.
    • Banks might play a larger role in the mortgage market, but their focus could be on higher-quality loans.
    • The Federal Reserve’s ability to hold non-guaranteed MBS on its balance sheet would also be a question.
  • Impact on Housing Affordability:
    • The combination of higher mortgage rates and tighter lending standards would negatively impact housing affordability.
    • This could have broader economic consequences, as the housing market plays a significant role in the U.S. economy.
  • Increased volatility:
    • Without the stabilizing effect of the government backing, the mortgage markets would likely become far more volatile, especially during times of economic stress.

In summary:

  • Privatization without a guarantee fee would introduce significant uncertainty and risk into the mortgage market.
  • It would likely lead to higher mortgage rates, reduced liquidity, and tighter lending standards, with a notable negative impact on housing affordability.
  • Liquidity in the Mortgage Backed Securities marketplace adds backing by the full faith and credit of the United States government. Any investor would prefer a pool of mortgages with a guarantee.

It’s important to note the exact outcomes would depend on various factors, including the specific details of the privatization plan and the overall economic environment.

Privatize Fannie & Freddie?

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The privatization of Fannie Mae (FNMA) and Freddie Mac (FHLMC) with the guarantee fee (g-fee) structure intact would have significant implications for the U.S. housing finance market. Here’s a breakdown of potential effects:

Key Concepts:

  • Guarantee Fees (G-Fees):
    • These are fees charged by Fannie Mae and Freddie Mac to guarantee the payment of principal and interest on mortgage-backed securities (MBS).
    • They cover the risk of borrower defaults, administrative costs, and a return on capital.
  • Privatization:
    • This would mean removing Fannie Mae and Freddie Mac from government conservatorship, allowing them to operate as fully private entities.

Potential Impacts:

  • Market Dynamics:
    • Risk Pricing:
      • In a privatized environment, these companies would likely have more flexibility in setting g-fees based on perceived risk. This could lead to more dynamic pricing, with higher fees for riskier loans.
      • The market would be more susceptible to the private markets risk assesments.
    • Competition:
      • Privatization could foster greater competition among mortgage guarantors, potentially leading to innovation and efficiency. However, it could also lead to concentration if one or two entities dominate.
    • Capital Requirements:
      • Private Fannie and Freddie would need to maintain sufficient capital reserves to absorb potential losses. The adequacy of these reserves would be crucial for market stability.
  • Impact on Borrowers:
    • Mortgage Rates:
      • Changes in g-fees would directly affect mortgage rates. Increased g-fees could lead to higher borrowing costs for homeowners.
      • The stability of mortgage rates could be less stable, and more reactive to economic swings.
    • Access to Credit:
      • Depending on how risk is priced, some borrowers, particularly those with lower credit scores, might find it more difficult to obtain mortgages.
  • Financial Stability:
    • Systemic Risk:
      • The role of Fannie and Freddie in the housing market means that their financial health is crucial for overall financial stability.
      • Private entities would have to be very well regulated, to avoid the systemic risk that they have posed in the past.
    • Regulatory Oversight:
      • Strong regulatory oversight would be essential to prevent excessive risk-taking and ensure the safety and soundness of these entities.

Important Considerations:

  • The specific effects of privatization would depend heavily on the regulatory framework put in place.
  • Maintaining the g-fee structure provides a degree of continuity, but the level and variability of those fees would be key factors.

In summary, privatizing Fannie Mae and Freddie Mac with g-fees intact would introduce market-driven pricing and potential competition, but it would also require careful regulation to mitigate risks and ensure stability.

Privatizing without g-fee’s is another story. Stay tuned.

2025 Housing Forecast (Generally Speaking)

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The 2025 housing forecast predicts several key trends that will likely shape the housing market:

1. Interest Rates and Mortgage Rates

  • Higher Mortgage Rates: Following 2023’s significant rate hikes, mortgage rates are expected to remain elevated throughout 2025, although they may gradually decline. Higher borrowing costs will likely continue to limit affordability for buyers and slow down home purchases. However, the pace of rate increases may slow, which could provide some relief to buyers and the housing market overall.

2. Housing Inventory

  • Low Inventory: Housing inventory is expected to remain tight due to homeowners’ reluctance to sell amid higher mortgage rates, which means they would have to give up lower rates on their current mortgages for more expensive ones. This will keep competition high for available homes, particularly in desirable areas.
  • New Construction: New home construction may increase slightly but will still struggle to meet demand due to factors like construction costs and labor shortages. In many markets, builders may focus on higher-end properties, exacerbating affordability issues.

3. Home Prices

  • Moderate Growth or Stabilization: Home prices are expected to show slower growth, especially in markets that have experienced significant increases in the last few years. Some areas may see a slight decline in prices, particularly in overheated markets, but most major markets are expected to stabilize.
  • Regional Variations: Price trends will vary significantly by region. For example, more affordable markets in the Midwest and South may see moderate price increases, while expensive coastal cities like San Francisco and New York may experience slower growth or even price corrections.

4. Renting vs. Buying

  • High Rent Prices: Rent prices are expected to stay elevated due to ongoing housing shortages and high demand in many cities, making it more difficult for renters to save for a down payment. This will continue to push some people toward homeownership despite high interest rates.
  • Rentals as a Safe Haven: As a result of high mortgage rates, more people may opt to rent for longer periods, pushing rental demand up, especially in urban areas with limited new construction.

5. Remote Work and Housing Preferences

  • Suburban and Rural Growth: Many workers will continue to embrace remote and hybrid work, which may lead to increased demand for homes in suburban and rural areas. People may be willing to commute less frequently and seek larger homes with more space for remote work, resulting in higher demand for properties outside city centers.
  • Urban Revitalization: While suburban areas are growing, some cities may see revitalization as developers target underutilized urban areas for residential and mixed-use projects.

6. Affordability Challenges

  • Continued Affordability Crisis: Affordability will remain a significant issue, particularly for first-time buyers. Despite slight improvements in the housing market, the combination of high mortgage rates and home prices will continue to limit options for many buyers. This is expected to result in increased demand for affordable housing solutions, such as government-subsidized programs, multi-family properties, and shared equity models.

7. Technology and Innovation

  • Tech Integration: The housing market will continue to embrace technological innovation, including smart home features, digital real estate platforms, and the use of AI and data analytics to streamline buying, selling, and financing processes. These technologies may help mitigate some inefficiencies in the housing market.
  • Sustainability: Green building practices, energy-efficient homes, and sustainable development will become more prominent, as consumers and builders continue to prioritize environmentally friendly and cost-saving features in homes.

8. Government Policy and Regulation

  • Policy Interventions: Governments at both the federal and state levels may introduce new policies to address housing affordability and supply constraints. This could include incentives for first-time homebuyers, funding for affordable housing projects, or zoning reforms to allow for more dense and varied housing options.

9. Economic Factors

  • Inflation and Economic Uncertainty: While inflation may ease somewhat, the overall economic uncertainty in 2025 could affect the housing market, especially if there are any disruptions to the labor market or global economic conditions. Economic volatility could also impact consumer confidence and spending power.

In summary, 2025 is likely to be a year of slow but steady recovery in the housing market, marked by high interest rates, continued affordability challenges, and regional disparities in pricing and demand.

The Benefit Of Serious Experience

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Experience is often referred to as life’s greatest teacher, and serious experience—marked by deep engagement and meaningful challenges—offers unparalleled benefits. It serves as a cornerstone for personal and professional growth, equipping individuals with the tools to navigate complexity, build resilience, and make informed decisions. Serious experience take commitment, and time.

One of the most significant benefits of serious experience is the development of wisdom. Unlike theoretical knowledge, which is gained through study or observation, wisdom emerges from direct, hands-on encounters with life’s realities. These experiences force individuals to confront ambiguity, solve problems, and adapt to unforeseen circumstances. For instance, a leader who has managed a crisis acquires not only technical skills but also emotional intelligence, an ability to stay calm under pressure, and a deeper understanding of human dynamics.

Additionally, serious experience fosters resilience. Challenges, setbacks, and even failures encountered during meaningful endeavors teach individuals to persevere. They reveal the importance of persistence and adaptability, helping people to bounce back stronger and more prepared for future difficulties. For example, entrepreneurs who face and overcome business hurdles often develop a tenacity that becomes a defining feature of their success.

Serious experience also enhances decision-making capabilities. People who have encountered complex situations develop an intuitive grasp of patterns and consequences, enabling them to anticipate outcomes and make better choices. This competence is invaluable in fields where high-stakes decisions must be made quickly, such as medicine, law, or leadership.

Finally, such experiences contribute to a sense of purpose and fulfillment. Facing significant challenges and engaging deeply with them often leads to personal breakthroughs. These moments of growth provide meaning to one’s endeavors, enriching life with a sense of accomplishment and clarity about values.

In conclusion, serious experience is an invaluable teacher. It imparts wisdom, nurtures resilience, sharpens decision-making, and enriches life with purpose. While the path to acquiring such experience may be demanding, its benefits are transformative, offering individuals the tools to thrive in an ever-complex world.

In today’s competitive world, you want a lender on your team who has seen, and solved, the many problems associated with the complexities of residential real estate transactions.

This is why real estate professionals feel confident when they say “Craig is my lender,”

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Seven Myths About Reverse Mortgages

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Reverse mortgages are often misunderstood, leading to a number of myths and misconceptions. Here are seven common myths about reverse mortgages, along with clarifications:

1. Myth: The Lender Takes Ownership of Your Home – Reality: With a reverse mortgage, the borrower retains ownership of the home. The lender only places a lien on the property, which is used as collateral for the loan. The borrower must continue to pay property taxes, homeowners insurance, and maintain the home.

2. Myth: You Can Be Forced Out of Your Home – Reality: As long as the borrower meets the loan obligations (such as paying taxes and insurance, and maintaining the home), they can stay in the home for as long as they lives in their home. The loan is only due when the borrower sells the home, moves out permanently, or passes away.

3. Myth: Reverse Mortgages Are a Last Resort – Reality: While reverse mortgages are often marketed to those with limited income, they can also be a strategic financial tool for retirees. Some use them to supplement income, delay drawing down on other retirement assets, or as a line of credit that grows over time. You can use proceeds from a Reverse Mortgage to buy a second home. It’s your money!

4. Myth: Reverse Mortgages Have High Fees and Interest Rates – Reality: Fees and interest rates for reverse mortgages are comparable to those for traditional mortgages. However, it’s essential to shop around and understand the full cost structure, including any mortgage insurance, closing costs, and origination fees. Ask for an itemization of all fees and closing costs up front. We’re happy to provide this.

5. Myth: Your Heirs Will Be Saddled with Debt – Reality: Reverse mortgages are non-recourse loans, meaning the borrower or their heirs will never owe more than the home’s value at the time the loan is repaid. If the home is sold for less than the loan balance, the Federal Housing Administration (FHA) insurance covers the difference.

6. Myth: You Can’t Get a Reverse Mortgage If You Have an Existing Mortgage – Reality: You can get a reverse mortgage even if you still have a mortgage, but the reverse mortgage proceeds must first be used to pay off the existing mortgage. A reverse mortgage will eliminate monthly mortgage payments, freeing up cash flow.

7. Myth: Reverse Mortgages Are Only for the Poor – Reality: Reverse mortgages can be useful for a wide range of retirees, regardless of income level. They are often used by those with significant home equity who wish to improve their retirement cash flow or preserve other assets. Many use reverse mortgage proceeds as a financial planning tool. Remember, it’s your money!

Would you like more information on any of these points? Call, text or email. My contact information is on the left.

Creating clarity in the complex world of residential real estate and real estate finance. Written by Craig Goebbel.