Mortgage interest rates?

I should know more about money and investment and interest rates at my age but.. I just don’t. I have a general idea but no idea how/when to do things to benefit myself.

I just had an appointment at my bank and my financial advisor told me that my mortgage interest rate was up for renewal by May.

Apparently rates are around 6-7% right now which I know is high and more than I’m at right now. She recommended to wait and watch to see if the rates lower. Where? How? WILL it lower? How do I know when it’s a good rate or not? Is it EXPECTED to lower and if so by when? How does anyone know this information?

Someone help 😭