Agent Series 34 - NAR's Chief Economist: Mortgage Rates Won't Drop to 3% — Here's Why

About this episode

Dr. Lawrence Yun discusses the future of mortgage rates and the economic factors influencing the real estate market.

Everyone keeps asking the same question: are mortgage rates going back to 3%? According to NAR Chief Economist Dr. Lawrence Yun, don't count on it. In this episode, James and Keith sit down with Dr. Yun to break down what's really happening in the economy; from inflation and national debt to oil prices, global conflict, and consumer confidence. They unpack why rates are likely to stay higher than many expect, what that means for home sales, and how agents should be thinking about the market heading into 2026. If you're waiting for "the market to go back to normal," this episode will reset your expectations. Links mentioned during the show: Dr. Yun's content: https://www.nar.realtor/lawrence-yun First appearance on REIU: https://youtu.be/5iI-z7XTlaA Connect with Dr. Lawrence Yun on LinkedIn . Stay ahead of the market with insights from Zillow's Consumer Trends Report. This annual research breaks down what buyers and sellers are actually doing and what they expect from their agents. With 55% of buyers being repeat buyers, yet only 13% using their previous agent again, the message is clear: past performance doesn't guarantee future loyalty. Even more telling, nearly half of buyers…

People in this episode

Hosts: James, Keith

Guest: Dr. Lawrence Yun

Topics covered

• mortgage rates
• economy
• home sales
• real estate market
• consumer confidence

Keywords

• mortgage rates
• NAR
• real estate
• economy
• home sales
• consumer trends
• inflation

Mentioned in this episode

Organizations: NAR, Zillow

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