mortgage rates have been on an upward march in 2022 while in january 30year fixed mortgage rates were a little over 3 recently they’ve hovered over 5 you can see the lowest mortgage rates you may qualify for here that means many buyers are wondering where will mortgage rates go this summer and though no one has a crystal ball we asked real estate experts and economists to share their predictions about where mortgage rates will land in june zillow economist nicole bachaud says “rates are above 5 and are likely to stay around that level for the rest of the year” realtorcom chief economist danielle hale says she expects mortgage rates to hover around the 525 to 55 range and kate wood home expert at nerdwallet says it seems like mortgage rates should hold steady in june but of course these predictions depend on a number of things greg mcbride chief financial analyst at bankrate says there is risk in rates rising “until we see sustained evidence that inflation has peaked and we haven’t – the risk for mortgage rates remains to the upside if inflation doesn’t get better but doesn’t get worse mortgage rates will be in a holding pattern” you can see the lowest mortgage rates you may qualify for here and as hale puts it “at this stage of the economic cycle the incoming data will drive rate fluctuations and good news will be bad for interest rates in general and mortgage rates specifically by that i mean that stronger economic data will suggest that the fed may need to take a firmer stance against inflation and push mortgage rates higher” for her part wood says that it seems like mortgage rates may stabilize with the federal reserve expected to once again raise rates at its june meeting to help tame inflation things could change “an unexpected move by the federal reserve could be a wild card” ultimately where rates head from here really comes down to inflation and whether or not the market continues to settle in at these rate levels says robert heck vice president of mortgage at online mortgage marketplace morty “if inflation were to spiral out of control and spur the fed to take even more aggressive action rates could rise to a level that could send demand and affordability into a steeper downward spiral than the decrease we’re seeing currently” says heck you can see the lowest mortgage rates you may qualify for here still don’t expect things to change immediately following the june meeting “the federal reserve will kick off the process of winding down their balance sheet in june which has been communicated and is widely expected so it won’t bring about a sea of change overnight but the cumulative effect of the fed pulling tens of billions in liquidity out of the system each month will eventually take an economic toll just as it did in 2019” says mcbride that said faint signs are starting to emerge that the market is rebalancing “the share of listings with a price cut is creeping up possibly a sign that sellers cannot be quite as ambitious in their pricing strategy as they could have in recent months” says bachaud the key numbers to watch at this stage are the jobs report in early june which is a good overall economic health metric “a stilllow unemployment rate coupled with job and wage gains will likely keep mortgage rates on an upward trajectory but will mean that households are seeing income growth that will support housing demand” says hale