When could mortgage rates drop close to 5% again? Here's what three experts predict.

Mortgage rates can change suddenly and unexpectedly, especially in the current economic landscape. Saifulasmee Chede/ Predicting where mortgage rates are headed has become increasingly difficult recently. Case in point: The average 30-year fixed rate fell below 6% in late February for the first time since 2022, only to reverse course when the Iran conflict pushed Treasury yields higher — sending rates climbing back toward 6.5% by April . …