"The planning seems to take forever, everything's more expensive than you thought it would be, and stress can quickly reach "Should we even be doing this?" levels. All of that leads up to a single day - closing day for buyers or the wedding itself - that goes by in the wink of an eye. And that one day isn't an end, it's a beginning."
"Will 2026 be the year mortgage rates drop to 3%? Honestly, let's hope not, because mortgage rates that low probably mean something economically catastrophic has happened that's on par with the Great Recession or the pandemic. We're more likely to see mortgage rates stay in their present range, though if the economy were to worsen, rates would go lower. As of now, forecasters are predicting mortgage rate stability in 2026."
"TIPS FOR 2026: Prospective buyers and sellers shouldn't hold out for a major mortgage rate drop. If you're trying to buy and you find a home that works for you at current rates, go for it. Homeowners who hope to sell may need to decide which is more important: keeping their early 2020s mega-low mortgage rate or living in a home they genuinely love."
Buying a home in 2026 will involve extensive planning, unexpected expenses, high stress, and a single closing day that marks the start of homeownership responsibilities. Prospective buyers must plan beyond closing day for budgets and lifestyle changes as homeowners. Mortgage rates are expected to remain near current levels rather than plunging, with forecasts from Fannie Mae and the Mortgage Bankers Association projecting modest movement around the mid-6% range. Buyers should avoid waiting for a dramatic rate drop and consider purchasing if a suitable home fits their needs at current rates. Home price growth slows, but other costs accelerate.
Read at SFGATE
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