Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.

The bad news: Average 30-year mortgage rates have been increasing over the last two weeks after falling dramatically throughout March and early April, according to Freddie Mac.

The good news: Most experts believe rates will start dropping again soon, which means that borrowers should be able to find more affordability later this year.

Average 15-year mortgage rates dropped slightly, but remain elevated compared to where they were a month ago.