Mortgage rates in 2026: 30-year rates at 6.4% and 15-year at 5.9% — Will they finally drop? Experts forecast
The Economic Times·2025-12-23 18:32
Rates are drifting lower, not falling fast. And most housing economists now agree that a dramatic drop in mortgage rates in 2026 is unlikely. That does not mean buyers are locked out of the market. It means expectations need to be reset.Mortgage rates today show little movement for both purchases and refinances, based on national averages from Zillow. The 30-year fixed rate is 6.04%, while the 20-year fixed is 5.89%. Borrowers choosing shorter terms continue to see lower rates, with the 15-year fixed at 5. ...