Mortgage Interest Rates May 2025. The current mortgage interest rates forecast is for rates to continue on a gentle downward trajectory over the remainder of 2025. Here is our latest mortgage rate forecast.
Expect mortgage rates to remain well above 7 percent in may, and maybe closer to 8 percent if the run of disappointing inflation data continues.โ rates last hit 8 percent in october 2023. When will mortgage interest rates go down?