Mortgage rates steady above 6%
Mortgage rates remain elevated, with many lenders offering rates just above 6% [https://themortgagereports.com/128048/federal-reserve-rate-cut-outlook-mortgage-rates-2026].
Future Fed rate cuts are already being factored into today's mortgage rates. Economic forecasts suggest the Federal Reserve will likely begin easing monetary policy in the second half of 2026. The Mortgage Reports notes that it's still a favorable time to buy a home, despite rates being higher than in recent years. They suggest potential buyers focus on properties that fit their budget and long-term financial goals. Refinancing may become a more attractive option later in the year if rates decline further. However, homeowners should consider all costs associated with refinancing to ensure it makes financial sense.
