According to Keeping Current Matters, mortgage rates remain front and center for anyone thinking about buying a home. After a weaker-than-expected jobs report earlier this month, the bond market reacted quickly—and rates dipped to their lowest level of the year at 6.55%.
While that drop may not seem dramatic, it was enough to spark fresh hope among buyers who have been waiting for signs of improvement. But what’s realistic to expect going forward? Experts say rates are likely to stay in the mid-to-low 6% range through 2026. That means no drastic declines are on the horizon, though smaller shifts are possible as economic reports continue to influence the market.
For many buyers, 6% is the rate that feels like the tipping point. And it’s not just psychological—it has real buying power. According to the National Association of Realtors (NAR):
That surge in demand could reshape the market quickly. Fannie Mae even predicts we could reach that 6% threshold next year.
The big question is whether waiting for lower rates really works in your favor. If you hold out for 6%, you’ll likely be competing with many other buyers who’ve been waiting too. More demand often means fewer choices, stiffer competition, and rising prices.
On the other hand, today’s market offers advantages that might not last:
More inventory = a wider range of homes to choose from
Slower price growth = more realistic pricing
Negotiating room = the potential to secure a better deal
Rates may eventually reach 6%, but when they do, you’ll be competing against a surge of other buyers. If you want less competition, more options, and the chance to negotiate, that window of opportunity is already open today.
source: www.keepingcurrentmatters.com
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