Mortgage Rates Today: Why 30-Year Rates Are Still Above 6% and What the Fed Means for Homebuyers
Mortgage rates remain above 6%. Here’s why the Fed does not directly set mortgage rates and what buyers should watch in 2026.
Mike Douglas is a business and real estate writer based in suburban Chicago, bringing together professional newsroom experience, firsthand brokerage knowledge, and a practical interest in property investing. He earned a BS from Arizona State University and went on to report for multiple newspapers, including the Chicago Tribune, where he covered business and real estate.
Before focusing on real estate journalism, Mike spent five years as a Realtor in Phoenix, giving him direct insight into buyers, sellers, agents, negotiations, and the day-to-day realities of local housing markets. Today, his reporting draws on both his journalism background and his real estate experience to explain market trends, housing developments, and industry changes with clarity and authority. As a novice multifamily real estate investor, Mike also brings a hands-on perspective to coverage of property ownership, investment strategy, and long-term market opportunities.
Mortgage rates remain above 6%. Here’s why the Fed does not directly set mortgage rates and what buyers should watch in 2026.
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