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US Mortgage Rates Hold Mid-6%

US Mortgage Rates Hold Mid-6%

In Mid-Q3, the avg. 30-yr fixed rate sat near 7%, and an expert expected near-term borrowing costs to stay in the mid-6% range. Across major forecasts, analysts expected the 30-yr fixed rate to remain ~6% to mid-6% through 2028, with no return to much lower ranges....
US Buyers Navigate Low-6% Rate Outlook

US Buyers Navigate Low-6% Rate Outlook

An industry group projected the 30-yr fixed mortgage rate would hold in the low-6% range through the rest of 2026 nationally for buyers. That outlook suggested borrowing costs would stay elevated, continuing to compress affordability for US households shopping the...
How much house can I afford? Mortgage affordability explained

How much house can I afford? Mortgage affordability explained

Lenders determine mortgage limits using income, debt, credit score, and down payment, often following the 28/36 rule, which suggests housing costs not exceed 28% of pre-tax income and total debt 36%. However, true affordability depends on personal finances, lifestyle,...