Experts disagree on 2026 mortgage rates, with forecasts showing a range of 5.9–6.4%.
MBA predicts 30-year fixed rates will stay 6.4% throughout 2026, oscillating slightly in 2027.
Fannie Mae forecasts 30-year rates declining to 5.9% by end of 2026, then stable.
A 7% mortgage rate is historically moderate, lower than 1970s–1980s double-digit levels.
Achieving a 3% rate is possible via assumable government-backed mortgages like VA, FHA, USDA.