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Keller Williams executives say mortgage rates remain elevated into 2026
They cited a 6.86% 30-year fixed rate, expected 5.4% home price growth, and projected 4.1 million existing home sales in 2026.
Keller Williams executives said mortgage rates are still elevated and that the housing market is unlikely to see a quick rebound in 2026, pointing to a 6.86% 30-year fixed conventional rate. HousingWire reports that the firm expects home prices to rise 5.4% this year, a level above an average 4% annual increase.
HousingWire says Keller Williams projected 2026 existing home sales of 4.1 million, noting that sales have hovered around 4.0 million for about a year. The executives also warned that affordability pressure from higher prices and mortgage costs could keep activity constrained.
Keller Williams leaders attributed recent volatility in sales to shifting geopolitical headlines, saying trend lines have tracked developments around the war in Iran. According to HousingWire, sales rose after mortgage rates dipped earlier this summer following a cease-fire report, then reversed as conditions changed again.
The executives framed the current environment as potentially prolonged, with Cody Gibson saying it could be the longest period of stagnation in modern history. HousingWire also quoted Ruben Gonzalez describing the likely pattern of fluctuation as mortgage rates and buyer demand move with the latest headlines.