Further declines in the mortgage interest rate space are possible for the final months of 2025, some experts say. sakchai vongsasiripat/Getty Images

Mortgage borrowers have finally started to see some relief. Thanks to a Federal Reserve rate cut and falling 10-year Treasury yields , the average rate on 30-year loans has hovered in the mid to low 6% range in recent weeks — down from the nearly 7% rate seen at the start of the year.

But rates are always in flux. And with the Fed meeting two more times before the year is up — not to mention stubborn inflation — a lot could still happen to mortgage rates in the final months of 2025.

Where do experts think rates are headed, and what should you do if refinancing or buying a home is on your agenda in the coming months? Below,

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