What could cause mortgage rates to decline this May?

Mortgage rates don't move only when the Fed acts, and numerous forces could still shift significantly in May. Shutjane/ Mortgage rates have spent much of this year on an unpredictable course. After brushing near 5.75% in early March, rates surged past 6.3% by month's end, driven largely by the escalating conflict in the Middle East and the inflationary pressures that followed. …