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

MoneyWatch: Managing Your Money Here's what experts say to expect from mortgage rates now that inflation keeps rising We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Aly J Yale Aly J Yale Aly J. Yale is a contributing writer for the Managing Your Money section for CBSNews.com, covering various personal finance topics, including investing, homebuying, loans and more. Read Full Bio Aly J Yale May 25, 2026 / 12:47 PM EDT / CBS News Add CBS News on Google Rising inflation has resulted in elevated mortgage interest rates for borrowers. Niphon Phunnu/Getty Images 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 MortgageWill 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 risingThere'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."Homeowners and buyers should reasonably expect mortgage rates to remain in the mid-to-upper 6% range for the balance...