Mortgage rates in the US are expected to remain elevated at levels higher than recent years through at least 2029, hovering roughly between six point five and seven point five percent in debt costs on average through 2027. The "higher-for-longer" rate environment limits affordability and encourages more households to rent. Investors should plan for these sustained high borrowing costs when underwriting investments by modeling moderate home-price and rent growth rather than expecting rates to fall sharply soon.