Major housing expert predicts huge change to mortgage rates in 2026
Top housing economist believes the Fed should take a few step to promote homebuyer confidence.
When the Federal Reserve began slashing interest rates last September, many economists anticipated a corresponding decline in mortgage rates. However, persistent political uncertainty and market volatility dampened expectations for a rebound, with current rates climbing back toward 7%.
Inflation began rising at the end of 2024 after years of consistent decline, prompting the Federal Reserve to pause interest rate cuts. However, inflation has dropped down to 2.4% in recent months, prompting economists to speculate that another rate cut may be on the horizon.
