Geopolitical Jitters & Sticky Inflation Push Mortgage Rates Higher in 2026

Average 30-year fixed rates expected 6.22%–6.50%, driven by geopolitical conflict and inflation at 2.7%.
Mortgage rates remain elevated despite Fed holding benchmark at 3.50%–3.75%.
National home price growth slows to 0%–2.2%, reflecting high borrowing costs.
Higher rates give buyers more leverage, with longer market times and increased concessions.