Berkshire’s forecast signals no sharp mortgage rate drop until 2026, though recent declines offer buyers modest short-term relief.

Experts caution that relief will be modest, though potential Fed rate cuts could slowly filter into housing finance.

Forecasts differ: Fannie Mae projects 5.8% by 2026, NAHB expects <6% late 2026, MBA sees ~6.5% in early 2026.

Housing supply ↑ with more builders reducing prices, creating better conditions for buyers even as borrowing costs remain elevated.