That’s a stark increase from the low rates of the pandemic era, when as few as 7.3% of homeowners in 2022 had mortgage rates that high. Money’s daily survey shows mortgage rates for a 30-year fixed-rate loan are currently 6.53%. Goodman says that until rates dip into the 5.8% range, she expects mortgage activity to “remain muted.”When will mortgage rates fall? Meanwhile, Fannie Mae projects mortgage rates won’t tick below 6% until the end of 2026. For now, mortgage rates are at least down from their 2025 high of 7%, notched in January.