Interest Rates Were Cut — What Will Mortgage Rates Look Like in 2026?

The Federal Reserve cut its key interest rate by a quarter point (25 basis points) at the December FOMC meeting, placing the overnight borrowing rate in the 3.5%-3.75% range. GOBankingRates consulted experts to gather their predictions about what will happen to mortgage rates in the coming year. While many believe that interest rate decisions are the only thing responsible for mortgage rates, that’s not the case. When predicting mortgage rates, it’s important to consider current market conditions, includi ...