What could happen with mortgage interest rates this spring? Experts weigh in

Mortgage rates on 30-year fixed loans have dropped below 6%, with some lenders offering rates in the 5% range, marking a more affordable barrier. Experts expect rates to remain range-bound between 5.625% and 6.625% this spring, influenced by inflation, the job market, and geopolitical tensions, especially the conflict in Iran and rising oil prices. Rates may rise if the conflict prolongs but could stabilize afterward. Timing rate drops is difficult; buyers should consider affordability and home availability over waiting for lower rates.