08/18/2026
Mortgage Rates Arenโt Expected To Fall in a Meaningful Way.
If you're waiting for rates to fall, you're not alone. A recent survey from Clever-Best Interest found 42% of people believe mortgage rates will drop below 5% this year.
The challenge is, that's not what the experts who study mortgage rates every day are expecting.
Forecasts from Fannie Mae, the Mortgage Bankers Association, and Wells Fargo all show mortgage rates staying relatively steady in the low-to-mid 6% range through at least mid-2027 (see graph below)
If you're holding out for a bigger drop, today's forecasts suggest you may be waiting a lot longer than you expect.