Why the 6.15% Mortgage Rate is a Green Light for 2026 Homebuyers

Mortgage rates have dropped to around 6.15%, the lowest in a year and below the long-term average of 7.7%, signaling a more affordable and stable housing market for 2026. This rate reduction means lower monthly payments and increased purchasing power. Buyers are advised to improve credit scores, manage debt, increase down payments, shop lenders, and consider different loan types to maximize benefits in this favorable market.