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Mortgage Rates Set to Drop to the High 5% Range by Late 2026

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...