Mortgage rates are expected to remain around 5.7% to 6.5% through 2026–2027, reflecting a more stable long-term range rather than a return to ultra-low levels
A temporary dip toward ~5.5% is possible, but sustained declines to 4% would likely require a major economic downturn, which is not currently expected
Inflation above target and a “higher-for-longer” policy stance continue to keep borrowing costs elevated across the market
Buyers can still benefit from refinancing opportunities, builder incentives, and improved housing supply, making today’s market more flexible despite higher rates