What could cause mortgage rates to decline this May?
Orientul Mijlociu
Mortgage rates have spent much of this year on an unpredictable course. After brushing near 5.75% in early March, rates surged past 6.3% by month's end, driven largely by the escalating conflict in the Middle East and the inflationary pressures that followed. By mid-April, some relief arrived when rates briefly dipped below 6% before climbing again as peace talks stalled and oil prices remained elevated. As of early May, the 30-year fixed mortgage rate is now hovering near 6.38%, leaving
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