Rates are on the rise, say the majority of mortgage rate watchers polled by Bankrate this week.
Of those polled, 62 percent of respondents predict rates will climb, and 38 percent predict rates to stay rangebound this week. No one predicts rates will drop.
The average 30-year fixed rate was 6.83 percent as of April 9, according to Bankrate’s national survey of large lenders, up from 6.67 percent the previous week.
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Rate Trend Index
Experts predict where mortgage rates are headed
Week of April 10 - 16, 2025
| Go up | 62% |
|---|---|
| Stay the same | 38% |
| Go down | 0% |
Markets and value hate volatility, hate uncertainty. We are in very uncertain times and none of this is good for mortgage rates.
— Ken Johnson, University of Mississippi
62% say rates will go up
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Up, up and away! Mortgage rates are going up as the financial markets continue to melt down as a result of the new tariffs.
Derek Egeberg
Branch Manager, MortgageOne , Yuma , AZ
As the world settles in, realizing the tariffs will be a boost [to] the U.S. stock market in the long term, look for mortgage rates to suffer and continue higher as investors put money back into the stock market.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
On Tuesday, the Vix was through the roof — [the] third-highest value in the last twenty years. Equities experienced perhaps the biggest “dead cat” bounce in recent history. These events and more suggest that investors should be seeking safety and buying government debt in massive amounts. However, 10-year Treasurys are down in price and up in yield, rising twenty basis points on Tuesday alone. As for Gold, while it was up 6 percent for Tuesday, the shiny metal of last resort was down 5 percent for the last five days. Markets and value hate volatility, hate uncertainty. We are in very uncertain times and none of this is good for mortgage rates. Thus, next week, we should expect to see an increase in 30-year mortgage rates as the risk premium for all liquid assets increases.
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
Angst about tariffs and counter-tariffs is driving mortgage rates higher.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
In a monumental turnaround, bond yields have reversed course and unwound the last month’s decline, which will push mortgage rates back up. These are volatile times, so the tide could turn again, but for now, sorry mortgage shoppers, the trend is not your friend.
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
As long as Japan and China sell bonds, the rates will rise, but then look for them to fall.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Higher. Even with all the uncertainty in the U.S. economy, mortgage rates have moved lower in previous weeks. However, it appears that the realization of tariffs has caused a return to normalcy. Mortgage rates have followed the 10-year U.S. Treasury rate higher over the past week, and I expect that rise to continue next week. However, I still think this vacillation is movement within a larger range of rates and not a movement to a new rate regime.
Nancy Vanden Houton, CFA
Senior Research Analyst, Stone & McCarthy Research Associates , New York , NY
Higher.
0% say rates will go down
38% say unchanged–
Dr. Anthony O. Kellum
President & CEO, Kellum Mortgage , Roseville , MI
In the coming week, I expect mortgage rates to remain relatively stable, hovering around the mid-to-high 6 percent range. Although there's potential for slight downward movement due to economic uncertainty and the Federal Reserve's current stance, recent developments lead me to believe rates could experience modest increases. For example, the 30-year fixed-rate mortgage recently rose from 6.60 percent to 6.82 percent, the largest single-day increase we've seen this year. I attribute this uptick primarily to market reactions triggered by new tariff implementations and related economic uncertainties. So, while we might see some fluctuations, I anticipate rates will generally remain within their current range, leaning slightly more toward a decrease rather than an increase.
Jeff Lazerson
President, MortgageGrader
[Rates move] sideways. The bond market is currently very choppy due to the tariff tit-for-tat. It's going to whipsaw this week.
Nicole Rueth
Market Leader, The Rueth Team of Movement Mortgage , Denver , CO
I’m calling for rates to remain unchanged this week — not because the market is stable, but because it’s highly volatile. We saw mortgage rates whipsaw between 6.55 percent and 6.85 percent last week, driven by uncertainty surrounding the broader economic picture. The impact of rising tariffs is complex, fueling both inflation concerns and a flight to safety from stocks. At the same time, we’re seeing slowing trade reduce tariff revenue, increased Treasury issuance tied to economic softening, and investors liquidating bonds to meet equity margin calls. All of this is putting significant pressure on the 10-year Treasury and, in turn, the 30-year fixed mortgage rate.
James Sahnger
Mortgage Planner, C2 Financial Corporation , Jupiter , FL
The last five trading days have been remarkable, with the trading range on the 10-year Treasury swinging a wide 58 basis points from a low of 3.89 percent to a high of 4.47 percent. All the volatility stems from the unknown around the economic impact of tariffs. Bonds are somewhat oversold, so we should see a swing back toward the middle. Normally, the stress seen in the stock markets would be kind to interest rates, but many margin calls were called and if you don’t have the funds to cover it, you have to sell something for liquidity, and it appears heavy bond selling was just for that. It should be interesting to see just where this shakes out. 'Til then, buy American!
Robert J. Smith
Chief Economist, GetWYZ Mortgage
With the continuing uncertainty around tariffs, the Treasury market is unsettled. Expect rates to remain flat (but choppy) in the high 6’s until some tariff clarity is reached.