Will mortgage interest go down in 2026?

Mortgage rates have shown slight improvement in 2026, and economists anticipate they could continue to gradually decrease if inflation remains under control.

As of early May 2026, the average rate for a 30-year fixed mortgage was hovering around 6.3% to 6.5%, which is a bit better than previous highs. While rates may continue a slow downward trend throughout the rest of the year, experts caution that it is highly unlikely they will return to the historic lows seen in the early 2020s.

Ultimately, any further declines will depend heavily on whether inflation stays in check and how the broader economy performs.