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

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

The Bank of Canada on Wednesday held its key benchmark rate at 2.75%, citing the need to probe the effects of U.S. trade policy. The bank said another cut might be necessary if the economy weakened in the face of tariffs.

The Bank of Canada (BoC) is holding its key interest rate for the second time this year, in its first update since Mark Carney's win.

Experts had forecasted the bank would be pushing the pause button after gross domestic product data for the first quarter of 2025 came in surprisingly robust.