The 30-year mortgage rate fell to 6.19% for the week ended December 3, down from 6.23% during the prior week, according to Freddie Mac. The rate has now fallen for two consecutive weeks and is well below its 52-week average of 6.63%. A potential 25 bps reduction to the federal funds rate on December 10 could help continue the trend.
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“A December rate cut, which the market widely expects, could take further pressure off of mortgage rates as the year comes to a close, boosting buying power as the new year approaches,” said Realtor.com senior economic research analyst Hannah Jones.
30-Year Mortgage Rate Predictions for 2026
Realtor.com expects the 30-year rate to hover around 6.3% next year amid slowing economic growth, the Fed ending its quantitative tightening cycle, and a temporary rise in inflation. Zillow believes that the rate won’t undercut 6.0%, while Redfin expects an average rate of 6.3%.
Most real estate firms expect the rate to remain around 6%, including Fannie Mae and the National Association of Realtors. The Mortgage Bankers Association has the highest estimate at 6.4%. At the same time, several firms have called for home sales volume to increase between 6% and 14%.
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