According to Zillow’s latest figures, the average 30-year fixed mortgage rate stands at 6.88%. Industry analysts anticipate the Federal Reserve will maintain its current monetary policy stance during the upcoming FOMC gathering, suggesting no immediate relief for prospective homebuyers.
While Pacific Trust Group’s Chief Financial Officer, Vivian Gueler, acknowledges the current rate environment as challenging, she notes expectations for eventual downward movement in mortgage pricing. However, the lingering effects of pandemic-era refinancing continue to impact market dynamics, as many homeowners remain reluctant to trade their existing low-rate mortgages for current higher rates.
Gueler explained, “Uncertainty typically leads to cautious behavior among consumers. We’re likely to see continued market观望 until economic conditions become clearer.” This perspective was shared during a discussion with Marketplace host Kai Ryssdal, who explored current mortgage market conditions and potential trends for the remainder of 2025.
The complete conversation between Ryssdal and Gueler provides additional insights into the evolving mortgage landscape and can be accessed through the audio player provided.
— news from marketplace.org