Mortgage Rates at 6%: What You Need to Know

Mortgage rates are currently around 6%, with the average thirty-year fixed rate at 6.00% and the fifteen-year fixed rate at 5.44%. These rates are expected to remain near 6.3% through 2026 due to economic growth and the end of quantitative tightening. Fixed-rate mortgages offer stability, while ARMs can change based on market conditions. Your credit score, debt-to-income ratio, and down payment size impact your rate. The broader economy also influences rates. Understanding these factors can help you make informed home financing decisions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.