If you’re hoping mortgage rates or home prices will drop significantly before you buy, the latest forecasts suggest you may be waiting longer than expected.

Mortgage Rates Are Expected to Stay Steady

For the second half of 2026, experts aren’t forecasting a dramatic decline in mortgage rates. Current projections have rates staying around the mid 6% range, with forecasts of approximately 6.62% in Q3 and 6.63% in Q4.

That means buyers may not see the big drop they’ve been hoping for. But steady rates can also make it easier to plan your next move without waiting for an uncertain market shift.

Home Prices Are Still Expected to Rise

Home prices are also expected to continue increasing, although at a much more moderate pace.

National home prices are currently up about 2.2% year over year, while the 2026 forecast calls for roughly 2% growth.

In other words, prices aren’t expected to fall dramatically. Instead, the market is showing signs of more normal, sustainable growth.

Should You Wait or Make Your Move?

There’s nothing wrong with waiting if buying a home isn’t right for you yet. But if you’re financially ready and waiting only for rates or prices to change dramatically, today’s forecasts are worth considering.

The market may not change in the way you’re hoping. Instead of trying to perfectly time the market, it may make more sense to focus on what you can control, including your budget, financing options, location, and the homes available to you.

The Bottom Line

The second half of 2026 is shaping up to be a stable but still expensive housing market. Mortgage rates are expected to remain around the mid 6% range, while home prices are projected to continue rising at about 2%.

You don’t necessarily need to wait for the “perfect” market. The right opportunity depends on your individual goals and financial situation.

If you’re thinking about buying, let’s look at what’s possible in today’s market and create a plan that works for you.