Mortgage rates could briefly drop below 6 percent in 2026 according to a new forecast. Lending Tree’s 2026 Housing and Economic Predictions report expects mortgage rates to drop into the 5% range sometime next year, something that has not happened since 2022. Freddie Mac currently has the 30-year fixed-term mortgage rate at 6.1 percent, and the overall rate has not dropped below 6 percent since 2022. [Note: In my 20-year Austin real estate career, the “magic” number for mortgage rates to spur sales was 6%. When it gets below that, home sales historically increase. Home buyers should act soon before that happens and home prices begin to rise.]
Full article here: Report: Mortgage rates may drop below 6%
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