Mortgage rates are uncertain for 2025, with forecasts suggesting they may drop below 6% by year-end. After a brief decline following the Fed's rate cut in September 2024, rates have risen again due to a strong labor market. Experts indicate that lower rates could stimulate housing supply, but tight inventory remains a challenge. Economic factors, including inflation and geopolitical events, will influence future rates. Buyers should be prepared for fluctuations and consider negotiating strategies in the current market.