Will the 30-year fixed mortgage rate exceed 7.5% for four consecutive weeks in H2 2026?

Given the Federal funds target range remains at 3.50 to 3.75 percent, and the June 2026 Summary of Economic Projections indicates a median year-end funds rate of 3.8 percent, upward pressure on rates is implied. Furthermore, with nine of eighteen participants projecting a higher end rate, mortgage rates can likely remain elevated, potentially exceeding 7.5 percent for an extended period. However, other economic conditions, such as inflation rates and the overall housing market health, will play significant roles in this determination.