Mortgage rates have been fluctuating within an 11-basis-point range since October, but President Trump’s proposal for Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds could push rates below 6%. The current national average for a 30-year fixed mortgage is 6.16%, with a 15-year fixed rate at 5.46%. Refinance rates are slightly lower, with a 30-year fixed rate at 6.12% and a 15-year fixed rate at 5.60%. Economists predict that mortgage rates will remain steady in 2027, with the MBA forecasting rates around 6.4% and Fannie Mae anticipating rates near 5.9%.

Read more at Yahoo Finance: Trump floats plan to push rates down