Experts Forecast Mortgage Rates to Stabilize or Drop by 2026

Mortgage rates have slightly decreased in 2025, reaching their lowest point for the year at 6.15% for 30-year fixed mortgages, but are unlikely to drop below 6% in the near future. The Federal Reserve's rate cuts in 2025 have influenced mortgage trends, but rates tend to follow the 10-year Treasury yield more closely. Despite the slight decline, high home prices and limited supply continue to challenge affordability, suggesting buyers should focus on affordability and strategic financing options rather than waiting for lower rates.