Cash out rate predictions?

[Henry Lazerow]

I have a 4 unit that just hit 1 year of seasoning since purchase. $155k mortgage and value $290k. I bought it $135k and put $40k in so should be a nice brrr :) Rates are awful right now though so probably going to wait 3-6 months as its on an interest only currently and bank said fine holding note until I want to refi. Chance we are back to cashouts sub 7s by 3 month point, 6 month point? Curious how quick rates will likely fall on mortgages once fed does start a cut?