Will Mortgage Rates Go Down in 2026 or 2027? A Spokane Real Estate Agent’s Take

Are mortgage rates headed up or down for the rest of 2026 and into 2027? It’s one of the questions Spokane real estate agent Jared Urbick of the Kind Home Group hears most from buyers and sellers, and he answers it in the video above.

Where rates stand today: 30-year fixed mortgage rates have climbed to roughly 7.4 percent, and in Jared’s opinion they will not come down this year. His reasoning starts with the Federal Reserve, which raised its benchmark interest rate in September and has signaled that another increase before the end of the year is likely.

Jared explains that the Fed’s rate doesn’t directly control mortgage rates, but it does influence them. When the Fed changes direction, mortgage rates tend to follow. As the Fed works to keep inflation and the economy in check, Jared’s view is that mortgage rates will either hold steady or climb through 2027 rather than fall.

That is his opinion, and he encourages you to research it for yourself and share your thoughts in the comments on the video.

What does this mean for Spokane-area buyers and sellers? Understanding the rate environment helps you plan, whether you’re deciding when to buy, how much home fits your budget or how to price and time a sale. Real estate agent Jared Urbick and the Kind Home Group help Spokane-area buyers and sellers make those decisions with local market knowledge and a clear strategy.

Have questions about how rates could affect your home search or sale? Contact Jared Urbick and the Kind Home Group to talk it through. For specific loan rates and terms, speak with a mortgage lender. This post is general information and Jared’s opinion, not financial advice.

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- Jared Urbick (509) 262-4178

Jared Urbick October 22, 2026

Jared Urbick

Real Estate Broker License ID: 24022549

I help lead our high producing team at the Kind Home Group - Our team is a TOP 1% production real estate group in Spokane, Washington state and the Nation. Our team of 3 dedicated brokers who work together as one, have a high volume of transactions, generating over $35 million in sales volume and closing 87 transactions in 2025 alone.

About our group:
• Leaders In Sales Volume
• 50+ Years of COMBINED experience
• Residential • Luxury • Land • New Construction • Commercial • Investments and Everything Real Estate

“Do you want help with finding your first home? Selling your home with no beating around the bush? Getting the best retirement home? Figuring out land options, a new construction project? Or as an investor, you need help and advice with your real estate portfolio? Perhaps you own a multimillion dollar luxury home or lake property or are looking to purchase one and would appreciate me helping you handle your move, out of state relocation or need me to guide you through the process. Whether it’s land, residential, luxury homes, new construction, investment properties, commercial apartments, commercial buildings or you simply need me to help answer basic real estate questions or review where you’d like your portfolio to be, I’m here to help you structure your investments the way you want them. I have 15 years in real estate experience and since 2008, I’ve had experience in the financial and investment world including with helping run a mortgage department, working with management companies, landlord-tenant dynamics, lease terms, and investor-focused financial metrics (like cap rates, ROI and cash flow). Feel free to reach out to me and we can chat about real estate. I’d be glad to take you for a cup of coffee and just chat.”
Jared Urbick | Real Estate Broker - The Kind Home Group. (509) 262-4178

About Me

+1(509) 262-4178

jared@kindhomegroup.com

140 S Authur St Suite 600, Spokane, WA 99202, USA

https://www.homes.com/real-estate-agents/jared-urbick/j3pyzc7/

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