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Mortgage rates aren't doing squat. Or jack. Or diddly, or any of the other variations. They're just sitting still -- meaning you might want to get moving, if you think you're going to be needing a home loan.

That's because rates are expected to go higher.

This week's average rate for a 30-year fixed-rate mortgage is 4.44%, up ever so slightly from last week's 4.45%, says mortgage company Freddie Mac. The loans in Freddie Mac's survey come with an average 0.5 point.

One year ago, that benchmark mortgage rate was averaging 4.14%.

Why rates are doing what they're doing

Experts say with the economy improving and the Federal Reserve raising interest rates, mortgage rates are bound to go up. Freddie Mac forecasters say the 30-year fixed mortgage rate will hit 4.9% later this year.

But here's an explanation for what held things down over the past week:

Remember the recent scary days on the stock market? They were sparked by fears that the U.S. could find itself in a trade war.

Investors ran from stocks and thought bonds would be a safer bet. Demand for bonds pushed their prices higher and their yields lower — and those falling rates helped keep mortgage rates from going anywhere.

Got it? Too much information? The thing to know is that the stock market has recovered, so mortgage rates could rise.

This week's other mortgage rates

Rates on 15-year mortgages this week are averaging 3.90%, according to Freddie Mac. That's down a smidge from last week's 3.91%. A year ago, the average was 3.39%.

As for the 5/1 adjustable-rate mortgage — with rates that hold for five years and then can rise (or fall) each year — those loans are now being offered with initial rates averaging 3.66%, versus 3.68% last week. At this time last year, the average was just 3.18%.

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