When will mortgage rates go down? Considerations as rates hold steady.

The national average 30-year rate is now 6.10%, according to Freddie Mac, which is still near its three-year low. However, the Federal Reserve did not lower the federal funds rate at its January 28 meeting, and it probably won’t cut its rate for several more months. So, what does this mean for the 2026 housing market? Will mortgage rates decline further soon? Are mortgage rates dropping? Mortgage rates are dropping overall. They are near their lowest levels in more than three years, though they’ve hard ...