Fannie Mae predicts shift in mortgage rates, housing market

As someone who’s seen the ebb and flow of Arizona’s housing market over the decades, I pay close attention to trends like the latest projections from Fannie Mae. Right now, the 30-year fixed mortgage rate is at 6.55%, and it’s been above 6.5% for the past nine weeks. This has led to a 2.2% dip in home sales—a shift I’ve felt alongside my clients. Experts expect rates to hover around 6.4% through 2026, with a slight decline in sales before things start looking up again in 2027. Navigating these changes is part of my commitment to making your real estate experience as smooth as possible—whether you’re buying, selling, or just keeping an eye on where the market’s headed.