Strong economic data has pushed back expectations of when mortgage rates will drop, but experts still believe they'll go down this year.
This means that mortgage rates may remain elevated for at least a few more months.
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments.
15-year Fixed Mortgage RatesLast week, average 15-year mortgage rates were 6.29%, a 17-basis-point increase from the previous week, according to Freddie Mac data.
Once the Fed cuts rates, mortgage rates should fall even further.
Persons:
they'll, Fannie Mae, Doug Duncan, Freddie Mac, you'll, it's
Organizations:
Federal Reserve, Zillow
Locations:
Chevron