Mortgage rates are expected to remain relatively stable through 2026 and 2027, averaging in the low-to-mid 6% range rather than returning to pandemic-era lows.
Gradually declining inflation and modest Federal Reserve rate cuts could lead to small mortgage rate reductions, improving affordability for homebuyers.
Most forecasts project mortgage rates around 6.1%–6.4% through 2027, supporting a steadier housing market and moderate sales growth.
Economic risks, including inflation, government debt, and global uncertainty, could keep rates elevated and limit the pace of any meaningful decline.
