Expert poll: Mortgage rate trend predictions for Jan. 9 - 15, 2025
Written by
| Go up | 55% |
|---|---|
| Stay the same | 27% |
| Go down | 18% |
Expect rates to rise in the coming week, say the majority of rate watchers polled by Bankrate.
Fifty-five percent of respondents expect rates to go up over the next week. Of the remaining respondents, 27 percent predict rates to stay flat, and 18 percent predict rates will go down.
The average 30-year fixed rate was 7.08 percent as of Jan. 8, according to Bankrate’s national survey of large lenders, up from 7.04 last week.
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Rate Trend Index
Experts predict where mortgage rates are headed
Week of Jan. 9 - 15, 2025
| Go up | 55% |
|---|---|
| Stay the same | 27% |
| Go down | 18% |
Bond yields are flirting with levels not seen since late 2023, pushing mortgage rates further above the 7 percent mark.
— Greg McBride, CFA , chief financial analyst for Bankrate
55% say rates will go up
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Mortgage rates have started the new year higher as bond yields reach levels that we haven’t seen since last April. The economy continues to chug along with the prices for services reaching a two-year high and the employment sector remaining resilient to higher rates. The incoming administration’s policies are also seen as inflationary, adding more fuel to the fire.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
For the last three weeks, the yield on 10-year Treasurys has risen over 30 basis points, making this week’s forecast rather straightforward. Momentum counts for something in financial markets. Thus, due to the linkage between the yield on 10-year Treasurys and long-term mortgage rates, we should see an increase in next week’s 30-year mortgage rate.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
Bond yields are flirting with levels not seen since late 2023, pushing mortgage rates further above the 7 percent mark.
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
Up. [There's] still a little to go before the markets realize things have been overdone.
Nancy Vanden Houton, CFA
Senior Research Analyst, Stone & McCarthy Research Associates , New York , NY
Higher.
18% say rates will go down
Heather Devoto
Vice President, Branch Manager, First Home Mortgage , McLean , VA
I’m anticipating rates to decline in the week ahead, with increased visibility into the health of the labor market leading the move.
Dan Green
Licensed mortgage originator at Homebuyer.com, Homebuyer.com , Cincinnati , OH
Down. The market swung too far to the upside. A correction will bring your rate back down.
27% say unchanged–
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
Trend: Flat. Rates will remain at the same high level. The BLS Employment Situation Report, as always, is a potential market mover.
Robert J. Smith
Head of Real Estate, Advisor Credit Exchange
I expect rates to remain unchanged barring any surprises in the employment data on Friday and the CPI data next Wednesday.