Mortgage rates are expected to decline to the high 5% range by the end of 2026, improving affordability for homebuyers and refinancers. This forecast is driven by anticipated Federal Reserve rate cuts, moderating inflation, stable economic growth, and a slight increase in housing supply. Lower rates could enable over 1.5 million more households to qualify for mortgages and boost home sales, while...
affordability
Prepare early by organizing finances, checking credit, and getting pre-approved for a mortgage. The first quarter offers less competition and potential price advantages before spring. Affordability is expected to improve slightly due to stable or lower mortgage rates, slower home price growth, and rising incomes. Buyers should set realistic budgets, prioritize needs, and work with professionals to...