When will mortgage rates go down? The outlook heading into 2026.

The 30-year fixed mortgage rate has dropped to 6.15%, its lowest point in 2025, down 76 basis points from last year. Rates are generally declining but unlikely to fall below 6% soon. The Federal Reserve cut rates three times in 2025, influencing mortgage trends, but home prices remain high due to limited supply. Buyers should consider affordability, explore diverse housing options, and not wait solely for lower rates.