Housing Market Data

Why 2026 might finally be the year homeowners let go of their 2–3 percent rates 

For the last few years, many homeowners have felt like they were holding a winning hand, a two to three percent mortgage rate that seemed too good to ever give up. And honestly, who could blame them? Those rates were historic. The average 30 year fixed mortgage rate fell below 3 percent in 2020 and 2021, a level that has only occurred briefly in United States history and has since more than doubled, with rates hovering in the low to mid 6 percent range through late 2025.