Mortgage rates above 7% may be sticking around longer than homebuyers hoped. According to the latest forecast from the Mortgage Bankers Association (MBA), significant rate relief may not arrive anytime soon. But that doesn’t necessarily mean buying a home should be off the table. What Are Mortgage Rates Expected to Do? The MBA’s October 2026 forecast predicts: As of October 15, 2026, Freddie Mac reported an average 30-year fixed mortgage rate of 7.40%, compared to […]