Here's what experts say to expect from mortgage rates now that inflation keeps rising
Rising inflation is leading to increased mortgage interest rates, which have climbed to approximately 6.62%. Experts predict that rates will likely remain in the mid-to-upper 6% range for the remainder of the year, with potential increases if inflation continues. The impact of inflation is also affecting housing affordability, as higher rates and prices reduce buyers' purchasing power.
- ▪Mortgage rates have risen sharply due to inflation, reaching around 6.62%.
- ▪Experts expect mortgage rates to stay in the mid-to-upper 6% range for the rest of the year.
- ▪Higher inflation is impacting housing affordability, leading to increased monthly payments and reduced budgets for buyers.
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MoneyWatch: Managing Your Money Here's what experts say to expect from mortgage rates now that inflation keeps rising We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Read Full Bio Aly J Yale May 25, 2026 / 12:47 PM EDT / CBS News Add CBS News on Google Rising inflation has resulted in elevated mortgage interest rates for borrowers.
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