Current mortgage rates are up, but lower than they were seven days ago and in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

After a few weeks of dips, mortgage refi rates are back on the incline this week. Here's where experts say rates will go next.