What's the mortgage interest rate forecast for April 2025?
High housing costs have stalled many Americans' homebuying plans in recent years. But
mortgage interest rates
have dipped below their recent peaks, offering prospective buyers some relief.
Despite this progress, economic uncertainties loom — which could affect the lending market. If you're house hunting, knowing where rates might head this April could help you calculate potential monthly payments and set a realistic budget before you fall in love with a home.
See what mortgage interest rate you could qualify for here
.
Mortgage interest rates in April will likely stay in the 6.5% to 7% zone, according to Steven Glick, a licensed mortgage loan officer and director of mortgage sales at HomeAbroad, a real estate agency. However, a couple of other scenarios could play out. We spoke with three industry professionals who broke down what economic conditions would trigger rates to rise, fall or hold steady in the coming weeks:
These economic factors could push mortgage rates higher:
A significant Fed policy change might lead to lower mortgage rates. Here are three potential rate-reducing factors:
See how low of a mortgage interest rate you'd currently qualify for now
.
The current economic picture shows mixed signals, which may keep mortgage rates stable:
Mortgage professionals recommend watching five factors closely if you're buying a home soon:
Mortgage rates in April will likely stay steady, according to the experts we spoke to. They might ease later in 2025, but waiting could backfire if home prices rise or inventory tightens.
Your best move? Consult a few lenders now to understand your options. "Focus on your affordability," Calixto advises. "If you find a home that fits your needs and the monthly payment is manageable, that's a signal it may be the right time to buy." Get pre-approved to know what you qualify for and be ready to act quickly. Remember, you can always refinance later if rates fall.
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