Expert poll: Mortgage rate trend predictions for Feb. 6 - 12, 2025
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| Go up | 20% |
|---|---|
| Stay the same | 20% |
| Go down | 60% |
Expect rates to drop next week, say the majority of rate watchers in this week's Bankrate poll.
Of those polled, 60 percent of respondents predict rates will drift downward, 20 percent expect rates to rise and an additional 20 percent predict rates will stay flat.
The average 30-year fixed rate was 7.02 percent as of Feb. 5, according to Bankrate’s national survey of large lenders, down from 7.03 the previous week.
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Rate Trend Index
Experts predict where mortgage rates are headed
Week of Feb. 6 - 12, 2025
| Go up | 20% |
|---|---|
| Stay the same | 20% |
| Go down | 60% |
A pullback in bond yields should bring the average mortgage rate below the 7 percent mark for the first time since before Christmas. While not a windfall for prospective home buyers, every little bit helps.
— Greg McBride, Chief Financial Analyst, Bankrate
20% say rates will go up
Dan Green
Licensed mortgage originator at Homebuyer.com, Homebuyer.com , Cincinnati , OH
Up. Markets hate uncertainty — and right now, there's plenty of it. Go Birds.
Bennie Waller
William Cary Hulsey Fellow, Culverhouse College of Business, University of Alabama
Look for rates to move higher pending the uncertainty with pending tariffs.
60% say rates will go down
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Mortgage rates are heading down for the moment. Fear of a potential war in the Middle East has sparked a rally in bonds in spite of a solid ADP jobs report. With so much going on in the world, rates can move quickly one way or the other. This week we get some rate relief — for now.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
Very little movement in 10-year Treasury yields this past week, which suggests very little movement in mortgage rates. Random movement in rates has been slightly downward recently. Thus, I am going with a slight decrease in long-term mortgage rates next week.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
A pullback in bond yields should bring the average mortgage rate below the 7 percent mark for the first time since before Christmas. While not a windfall for prospective home buyers, every little bit helps.
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
Down. No one knows what President Trump will do next, so there is likely a flight to safety going on.
Les Parker, CMB
Managing Director, Transformational Mortgage Solutions , Jacksonville , FL
Mortgage rates will go down. Here’s a parody of “Black Dog,” Led Zeppelin’s rock and roll classic. “Hey, hey, tariffs like the way you move. Gonna make friends sweat, gonna make deals groove.” Misery and mayhem disappeared before the tariff clock struck midnight on Tuesday, Feb. 2, but U.S. fiscal and tariff news lifts hope for lower rates.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Lower. The 30-year mortgage rate has taken some baby steps downward since the start of the year, and I expect that movement to continue, if only slightly. With the 10-year Treasury rate falling week-over-week, the mortgage market should follow.
20% say unchanged–
Derek Egeberg
Branch Manager, MortgageOne , Yuma , AZ
Unchanged. Look for the continued strength in the stock market to hold rates where they are. Until there is a “hiccup” in the economy that would cause stress in the stock market, do not expect rates to decrease.
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
Trend: Flat. Rates will continue to be flat in the 7.0 percent to 7.125 percent range. Economic fundamentals keep printing at or near expectations.