Here's what experts say to expect from mortgage rates now that inflation keeps rising

Rising inflation has resulted in elevated mortgage interest rates for borrowers. Niphon Phunnu/ Inflation is now at its highest point in three years, and that trickles down to everything — from groceries and gas to mortgage rates. The latter has become pretty apparent in recent months, as mortgage rates have quickly climbed from the high 5% range to the 6.62% they sit at today, approximately. "Mortgage rates have risen sharply since signs of inflation spiked," says Kevin Watson, home loan specialist and district manager for Churchill Mortgage Will those rates keep rising, though? And what other impacts could inflation have on borrowers' pocketbooks ? We asked some experts for their predictions on the mortgage interest rate environment now that inflation is consistently rising once again. Below, we'll break down what they think will happen next. See which mortgage interest rate you could qualify for here . What to expect from mortgage rates now that inflation keeps rising There's no crystal ball for mortgage rates, but with inflation rising steadily since February and the conditions driving that inflation (the war in Iran, namely), experts say there's not much of a chance of rates falling anytime soon. …