The Economic Times

30-year mortgage rates hitting 6.30%: why theyre rising now, and will they climb further - heres the 2026 mortgage rate and housing market forecast

Mortgage rate forecast: 30-year mortgage rates have climbed to 6.30%, signaling fresh pressure on the 2026 housing market. Rising Treasury yields, sticky inflation, and delayed Fed rate cuts are driving borrowing costs higher. Homebuyers now face tighter affordability. Experts expect mortgage rates to stay near 6%6.5% this year.