Chapter 03Money & Finance

Are mortgage rates going down?

Rates follow the 10-year Treasury and inflation expectations more than the Fed's headline rate. As of 2026 they've been between 6% and 7% for months; no one credibly predicts short-term direction.

Follow-up questions

Should I wait to buy?

Trying to time rates rarely works. Buy when you can afford the payment and plan to stay 5+ years.

Refinance if rates drop?

The old rule: refinance if you can drop your rate by 0.75% and stay long enough to earn back the closing costs.

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