Mortgage rates today near 6%, a three-year low for borrowers — Will mortgage rates go further down, or should buyers wait or act now as housing supply stays tight?

Mortgage rates today: Mortgage rates today sit near three-year lows. The 30-year fixed averages about 6%. Jobs data softened. Inflation signals matter next. Treasury yields eased. Refinance rates remain slightly higher. Fed cuts look limited in 2026. Housing supply stays tight. Monthly payments improved modestly. Fannie Mae and Morgan Stanley project 30-year fixed rates dipping to 5.50% – 5.75% by mid-2026. However, major institutions like the Mortgage Bankers Association (MBA) expect them to hover closer to 6.1% ...