Forecasters see 30-year rates staying between 7.2% and 7.5% into 2027

Fannie Mae projects a 7.4% 30-year rate for the fourth quarter of 2026 and 7.5% through the third quarter of 2027. The MBA projects 7.3% for the fourth quarter and 7.2% through the third quarter of 2027. MBA chief economist Mike Fratantoni said the group does not expect significant relief in mortgage rates over the forecast horizon, so borrowers waiting for a big drop may want to compare today's rates with their own loan.