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Will Mortgage Rates Go Down in 2027? What Buyers Must Know

Will Mortgage Rates Go Down in 2027? What Buyers Must Know A couple at the kitchen table compares mortgage paperwork and costs as they consider their next home purchase. Buyers keep asking me whether they should wait for 2027 to buy a home. The honest answer starts with what major forecasters have actually revised, then looks at what waiting could cost you. Current projections don’t point to a dramatic return to 3%–5% mortgage rates. They suggest rates could stay elevated, and the price of a home may change while you wait. 1. Economic Outlook: Why Major Forecasters Revised 2027 Rates to 7.0%-7.5% Fannie Mae’s October 2026 forecast now projects an average 30-year fixed mortgage rate of 7.4% in the fourth quarter of 2026 and 7.5% throughout 2027 . That’s a substantial upward revision from its previous estimates of 6.8% for Q4 2026 and 6.7% for 2027. Fannie Mae points to stickier inflation and continued pressure on 10-year Treasury yields. It also expects slower home-price growth and ...
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