Mortgage rates are expected to gradually decline from ~6.22% to the 5.9%–6.2% range by November 2026 as inflation cools and Fed cuts accumulate.
Through early 2026, rates will likely hover in the mid-6% range, with only small dips unless inflation surprises or global events disrupt markets.
Major forecasters (Fannie Mae, MBA, NAR, NAHB) agree on moderation, not a plunge, with most predicting ~6.0% averages by late 2026.
Improving affordability should boost buying and refinancing, though supply shortages keep rates from falling sharply and limit home-price volatility.
