Mortgage rates fell for the first time in five weeks, offering home buyers a modicum of relief from stubbornly high borrowing costs. The drop in rates comes as the financial markets digest new information about the direction of the U.

Here's what experts say homebuyers can realistically expect to happen with mortgage rates in the coming months.

Mortgage rates remain stable but elevated, with the 30-year fixed-rate mortgage rising slightly to 6.89% as of May 29, 2025 — the highest level since early