Couple embracing and looking at new home

Couple embracing and looking at new home

Mortgage rates are likely to remain relatively stable in May. There's no doubt that we'll have daily ups-and-downs, but a major dive is unlikely to happen. (My apologies to anyone hoping 5% rates would be back on the table anytime soon.)

On the plus side, we're unlikely to see a spike unless there are major negative developments in Iran. While the ceasefire has kept a lid on that conflict for a while, renewed aggression could alarm markets and push up mortgage rates. Unfortunately, we can't count out that possibility.

Originally published on nerdwallet.com, part of the BLOX Digital Content Exchange.

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