Mortgage rate predictions for the next 5 years: A data-driven forecast through 2030

The average 30-year mortgage rate dropped by 89 basis points from a high of 7.04% in 2025, according to Freddie Mac. But where are rates headed in the next five years? Mortgage interest rates are determined by several factors, all of which can give us a clue to the future. Mortgage rates are tuned to the government bond market Mortgage rate forecasts may be best derived from trends in 10-year Treasury note rates. While the two rates often track in the same direction, there is a spread between them that ...