Mortgage rates in 2026: Why Fed cuts may not lower home loans as much as buyers hope
The average 30-year fixed mortgage rate fell to 6.18% as of Dec. 24, Freddie Mac reported, down from 6.85% a year earlier. Pending home sales rose 3.3% in November, the National Association of Realtors said. Economists told CBS News that Fed rate cuts may not sharply lower mortgage rates next year, as rates track longer-term bond yields.