Is 3% Coming Back? Here’s What to Know About Mortgage Rates in 2025

It’s the question on every buyer’s mind:  “Should I wait until rates go back to 3%?”

Here’s the truth—those dreamy low rates we saw a few years ago were a rare result of global economic events, not the norm. And while they were incredible while they lasted, experts across the board agree: we’re unlikely to see them return anytime soon.

Instead, mortgage rates are expected to level out in the mid-6% range.
And unless the economy faces another major curveball, that’s likely where we’ll stay for the foreseeable future.

So What Should Homebuyers Do?

If you’re waiting on the sidelines for something that might never come, you could be missing out on great homes, equity-building opportunities, and the chance to finally stop renting.

Here’s what you can do right now:
✅ Know your budget and speak with a lender
✅ Focus on finding the right home—not the perfect rate
✅ Buy now, refinance later if rates fall again

Remember, the house is the long-term investment. The rate can change.

Bottom Line:

Don’t wait for 3% to return. It was never the norm—it was the exception.
Today’s market still offers a ton of opportunity, and with the right plan, you can make it work in your favor.

📲 Want help building that plan? Let’s connect.

Text | call me directly @ 616-581-3294

Email me Sherie@SherieBerryRealEstate.com

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