Expert poll: Mortgage rate trend predictions for Nov. 28 - Dec. 4, 2024
Written by
| Go up | 25% |
|---|---|
| Stay the same | 17% |
| Go down | 58% |
Expect rates to drop in the coming week, say the majority of rate watchers polled by Bankrate.
Fifty-eight percent of respondents expect rates to drop over the next week. Of the remaining respondents, 25 percent predict rates to rise and 17 percent expect them to stay flat.
The average 30-year fixed rate was 6.94 percent as of Nov. 26, according to Bankrate’s national survey of large lenders, down slightly from 7.02 last week.
Estimate your monthly mortgage payment based on current rates using this calculator.
Rate Trend Index
Experts predict where mortgage rates are headed
Week of Nov. 28 - Dec. 4, 2024
| Go up | 25% |
|---|---|
| Stay the same | 17% |
| Go down | 58% |
I’m expecting rates to move modestly lower in the week ahead, as traders continue to get more certainty around President-elect Trump’s economic agenda.
— Heather Devoto, First Home Mortgage
25% say rates will go up
Robert Brusca
Chief Economist, Facts and Opinions Economics , New York , NY
HIGHER...and MORE TURKEY!!! HAPPY THANKSGIVING!!!
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
Up. Tariffs really do raise prices.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Higher. With continued uncertainty over inflation and rising prices in the economy, I expect interest rates to move higher overall. Mortgage rates will follow.
58% say rates will go down
Michael Becker
Branch Manager, Sierra Pacific Mortgage , White Marsh , MD
Bond markets seem to be happy with President-elect Trump’s choice of Treasury secretary. Scott Bessent is seen as a fiscal conservative and may help curb some Trump policies that have the potential to be inflationary. I think we will see bonds rally in the coming week leading to lower mortgage rates.
Heather Devoto
Vice President, Branch Manager, First Home Mortgage , McLean , VA
I’m expecting rates to move modestly lower in the week ahead, as traders continue to get more certainty around President-elect Trump’s economic agenda.
Dan Green
Licensed mortgage originator at Homebuyer.com, Homebuyer.com , Cincinnati , OH
Thanksgiving marks the unofficial start of homebuying season. Aspiring homeowners can expect some holiday cheer. Mortgage rates will drop this week.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
As the yield on 10-year Treasurys continues to slowly fall so will long-term mortgage rates. Next week, expect mortgage rates to decline slightly.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
Expect volatility and unpredictability with bond yields and mortgage rates netting out a bit lower.
Nancy Vanden Houton, CFA
Senior Research Analyst, Stone & McCarthy Research Associates , New York , NY
Lower.
17% say unchanged–
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
With a flat GDP print today and a holiday tomorrow, Treasury yields and mortgage rates should be flat.
Richard Martin
Director of Home Lending, Curinos
Thin trading with the holiday — expect rates to remain unchanged this week. [We] have found a bit of stability of late.