When will mortgage rates go down? The trend into 2026

Mortgage rates continue to remain in a narrow range into 2026. The 30-year fixed mortgage rate has hovered within 11 basis points of its 2025 low since October 23. The national average 30-year rate is now 6.16%, according to Freddie Mac. So, what does this mean for the 2026 housing market? Will mortgage rates continue to go down? Are mortgage rates dropping? Yes, mortgage rates are generally lower. Weekly moves are small, but longer-term changes are more apparent. As of January 8, Freddie Mac reported ...