Mortgage rates moved slightly lower last week after rising for much of the past month, but it wasn't a big enough move to impact mortgage demand.

Mortgage rates remain near 6% as the Fed is expected to cut rates by 25 bps, with experts predicting minimal impact on home loans.

Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost housing affordability, Joseph Lavorgna, a counselor to U.S. Treasury Secretary Scott Bessent,

The real estate technology company sees movement in the housing market amid data that is proving difficult to track.

The recent declines in mortgage rates, which have started in late summer ahead of the Federal Reserve’s first cut since December 2024, are largely linked to observers’ expectations of what the central bank will do.

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Nationally, Fannie Mae expects home-price growth to slow from a 4.4% annual gain in 2024 and 2.5% rate in 2025 to a 1.3% pace in 2026. Realtor.com expects home prices to grow 2.2% next year. Zillow expects home values to increase 1.2% between November 2025 and November 2026.

Affordability will improve modestly as the typical monthly payment falls below 30% of a household's income for the first time since 2022.