Mortgage rates and inflation are expected to remain elevated through 2026 as pressures tied to geopolitical tensions keep Federal Reserve rate cuts on hold. That’s according to Mike Fratantoni, chief economist and senior vice president of research and business development at the Mortgage Bankers Association (MBA).

Speaking during an economic outlook session at the MBA’s National Advocacy Conference on Tuesday, Fratantoni said the U.S. economy is marked by “uncertainty along so many dimensions,” with a murky job market and renewed inflation risks shaping the outlook for interest rates and housing.

The labor market, he said, is “neither terribly details ⇒

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