Key takeaways Refinancing your mortgage makes sense if you can reduce the interest rate by one-half to three-quarters of a percentage point. Improving your credit score is one way to get the best mortgage refinance rate.

Early forecasts called for a gradual decline in mortgage rates (potentially reaching 6% by the end of 2025), but concerns over a potential recession and uncertain trade policies h

Here's what experts say homebuyers can realistically expect to happen with mortgage rates in the coming months.