There's No End in Sight For High Mortgage Rates

Jordan Vonderhaar/Bloomberg via Getty Images Elevated mortgage rates affect the entire U.S. economy. Key Takeaways The Mortgage Bankers Association said that mortgage rates could be as high as 6.5% at the end of 2026, while Fannie Mae projections show rates as high as 5.9% at that time. That would mean an extended period of elevated mortgage rates not seen in more than two decades. Experts have predicted mortgage rates need to fall to 5.75% to bring buyers back into the housing market. The Fed is ...