Fannie Mae now predicts rates around 6.5% by the end of 2025 and 6.1% by the end of 2026.

The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for home shoppers facing rising home prices

Take credit cards, for example. Those short-term borrowing products currently have rates averaging over 21%. Personal loan rates, while lower, still have a nearly 12% average. Meanwhile, rates on home equity products sit in the low-to mid-8% range.