Mortgage Rates and Home Prices in 2026: Why 6.5% Rates Haven’t Cooled the Market (Plus the 2027 Outlook)
The average 30-year fixed mortgage rate is running about 6.5%–6.7% as of late July 2026. The median existing home price is $440,600, up 1.8% from a year ago. Those two facts sitting next to each other confuse a lot of people — rates are more than double where they were…
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