Will mortgage rates drop below 6% in 2026?

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Read Full Bio August 18, 2026 / 12:01 PM EDT / CBS News Add CBS News on Google Mortgage rates aren't set in stone, and there's still a chance rates could drop, but how likely is it? Sommart/Getty Images Mortgage rates haven't been particularly ideal this year. Though rates started out the year in the low 6% range (and even fell under it at one point), mortgage rates have since been 6.5% or higher for most of the summer. Just recently, though, they climbed to an average 6.7