Homebuyers who can navigate today’s challenging market may emerge as winners in 2025, despite high mortgage rates and a persistent housing shortage. And as the holiday season settles in, eager buyers, particularly in colder regions, could take advantage of the seasonal slowdown to secure a favorable deal with less competition.

Mortgage broker Jennifer Beeston believes that while rates are expected to stay elevated and volatile next year, buyers who act quickly or find their ideal price point could still benefit. Fluctuations in inflation and employment data are likely to keep mortgage rates steady. The broker said that while inflation may ease, the uncertainty surrounding the new administration entering office in January will likely prolong the current rate environment.

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