Mortgage rates in 2026 are generally expected to hover around the 6% range. According to forecasts, the average 30-year fixed mortgage rate may end 2026 at about 6.2% to 6.3%. The National Association of Realtors and Fannie Mae suggest that if mortgage rates dip below 6%, it could significantly boost homebuying affordability and sales. However, most experts agree rates are unlikely to drop much below 6% in 2026, with some expecting rates to remain at or above this level at least until 2027. Banks may be cautious about lowering rates further due to economic uncertainties. Specifically:
- Fannie Mae forecasted mortgage rates ending 2026 at around 6.2% to 6.3%, slightly lower than 2025 averages around 6.3% to 6.7%.
- The National Association of Realtors indicated a threshold of 6% as a "magic number" that could increase affordability and home sales.
- Some skepticism exists about significant rate drops, even if the Federal Reserve cuts rates in 2025, due to economic and market factors.
- Recent trends show rates fluctuating but mostly above 6% throughout 2025, with small declines but no drastic drops expected by end of 2026.
Overall, mortgage rates in 2026 will likely remain in the mid-6% range, with declines below 6% being possible but not guaranteed or widespread.
