Mortgage rates in the United States have now risen above 6.70% and are expected to remain between 6.50% and 6.70% through 2026. The Federal Reserve plans to raise interest rates after its September meeting due to higher-than-expected inflation, largely driven by the conflict in the Middle East. This represents a significant shift from earlier 2026 forecasts that predicted rate cuts this year. According to Joel Berner, senior economist at Realtor.com, this period of stability could encourage some prospective buyers to make a decision after months of uncertainty. Experts advise homebuyers not to wait for rates to drop and instead to adapt to current market conditions.
Source: Read the original article
