Expert poll: Mortgage rate trend predictions for May 28 - June 3, 2026
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Bankrate’s rate-watchers are split on where rates are headed in this week’s survey.
Of those polled, half say rates will decline, while the other half say rates will stay put.
The average 30-year fixed rate was 6.56% as of May 27, according to Bankrate’s national survey of large lenders.
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Explore mortgage ratesRate Trend Index
Experts predict where mortgage rates are headed
Week of May 28 - June 3, 2026
| Go up | 0% |
|---|---|
| Stay the same | 50% |
| Go down | 50% |
Overall, I believe we are still in a ‘higher-for-longer’ environment, though not necessarily a sharply rising one. I expect mortgage rates to trade within a fairly narrow range this week as investors look for clearer direction from the [Federal Reserve] and broader economic signals.Dr. Anthony O. Kellum, President & CEO, Kellum Mortgage
0% say rates will go up
50% say rates will go down
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Mortgage rates will drop this week as oil prices retreat. News of progress to end the war in Iran and to open the Strait of Hormuz have bond yields moving downward. Hoping that this trend will continue and not get side-railed due to the rising rate of inflation due to the surge in oil prices the past 3 months.
Les Parker, CMB
Managing Director, Transformational Mortgage Solutions , Jacksonville , FL
Mortgage rates will go down. Iran’s rumor mill keeps pushing rates up and down … but nuggets of agreement put downward pressure on oil prices. Expect the 10-year yield and mortgage rates to drop.
Nicole Rueth
Senior Vice President, CrossCountry Mortgage , Greenwood Village , CO
Mortgage rates are drifting lower… Peace deal headlines out of the Middle East are starting to feel less like noise and more like something real, with Iran's state TV reporting a draft framework that includes restoring commercial traffic through the Strait of Hormuz within one month. The bond market is responding, cautiously but consistently, and if a verified agreement crosses the finish line, rates have room to move meaningfully lower. If the headlines outpace the reality, rates will find their way back up, but for the first time in months, I am genuinely hopeful that the path forward is down.
50% say unchanged–
Dr. Anthony O. Kellum
President & CEO, Kellum Mortgage , Roseville , MI
The market currently appears to be balancing competing pressures between inflation concerns and the growing expectation for eventual rate relief. From my perspective, bond markets are continuing to watch economic data very closely, particularly metrics tied to inflation, consumer spending and labor market strength. If inflation data comes in hotter than expected or the economy shows continued resilience, rates could tick slightly higher. Conversely, softer economic numbers could help improve pricing modestly. Overall, I believe we are still in a ‘higher-for-longer’ environment, though not necessarily a sharply rising one. I expect mortgage rates to trade within a fairly narrow range this week as investors look for clearer direction from the [Federal Reserve] and broader economic signals.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Unchanged. Mortgage markets have incorporated recent news, and rates have risen. However, interest rate markets seem to have reevaluated the current situation and have readjusted rates downward — notably the 10-year U.S. Treasury rate. Mortgage rates have declined slightly, but I don't expect significant further declines or increases.
Mark Hamrick
Washington Bureau Chief, Senior Economic Analyst for Bankrate
I think we should see flat-to-lower rates over the next week.