What happened
A Reuters poll indicates that the average 30-year mortgage rate in the United States is expected to be 6.43% in 2026, 6.40% in 2027, and 6.25% in 2028.
The same survey, conducted in the second quarter, had projected rates of 6.3% for 2026, 6.2% for 2027, and 6.0% for 2028.
The latest figures represent upward revisions compared to the earlier second-quarter estimates.
Why it matters
These projections suggest that mortgage rates may remain elevated for several years, which could affect housing affordability and demand.
The upward revision from the previous quarter's survey indicates that expectations for rate declines have become more conservative.
Key facts
The Reuters poll projects the 30-year mortgage rate to average 6.43% in 2026.
The poll projects an average of 6.40% in 2027 and 6.25% in 2028.
The second-quarter survey had projected 6.3% for 2026, 6.2% for 2027, and 6.0% for 2028.
What to watch next
Future Reuters surveys will show whether these projections are revised further as economic conditions evolve.
How the projected rates influence the U.S. housing market and broader economy in the coming years.