When could mortgage rates drop close to 5% again? Here's what three experts predict.
Mortgage rates have been fluctuating significantly, making predictions challenging. Experts suggest that rates dropping to 5% again is unlikely in the near future, largely due to ongoing geopolitical tensions and inflation. Conditions such as the resolution of the Iran conflict and a drop in oil prices would be necessary for rates to approach that level.
- ▪The average 30-year fixed mortgage rate is currently just under 6.5%.
- ▪Experts believe that geopolitical factors, particularly the war in Iran, are heavily influencing mortgage rates.
- ▪A significant drop in rates to around 5% would require a combination of lower oil prices, reduced inflation, and a softening economy.
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MoneyWatch: Managing Your Money When could mortgage rates drop close to 5% again? Here's what three experts predict. 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 Tim Maxwell Tim Maxwell Tim Maxwell is a freelance writer who covers investing, real estate, banking, credit education and other personal finance topics. Read Full Bio Tim Maxwell May 19, 2026 / 9:10 AM EDT / CBS News Add CBS News on Google Mortgage rates can change suddenly and unexpectedly, especially in the current economic landscape.
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