Rates could rise in the coming week, say a slim majority of rate watchers polled by Bankrate.
Of those polled, 47 percent of respondents predict rates will rise, 40 percent predict rates to fall and 13 percent say rates will stay flat.
The average 30-year fixed rate was 6.86 percent as of April 23, according to Bankrate’s national survey of large lenders, down slightly from 6.88 the previous week.
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Rate Trend Index
Experts predict where mortgage rates are headed
Week of April 24 - 30, 2025
Experts say rates will...
| Go up | 47% |
|---|---|
| Stay the same | 13% |
| Go down | 40% |
If we can get to May 6 and find some relief in the next Fed meeting, it will make borrowers feel better, as there is a ton of pent-up demand for refinancing and new homebuyers.
— Denise McManus, Engel and Voelkers
47% say rates will go up
Derek Egeberg
Branch Manager, MortgageOne , Yuma , AZ
Watch for the mortgage and bond market to continue to slide higher. The stock market and economy look stable and investors continue to push money into equities, forcing mortgage rates higher.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
The kerfuffle between President Trump and Fed Chair Powell is causing more uncertainty in the bond markets it seems. In the market for 10-year Treasurys, demand is driving prices down and yields up, at least during the last week. Higher yields on 10-year Treasurys will result in long-term mortgage rates going up next week.
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
Trump's tariffs have created very high uncertainty in markets and especially fixed-income markets which, unfortunately, include mortgages.
Denise McManus
Global Real Estate Advisor, Engel & Voelkers & Senior Lender, Xpert Home Lending, Engel & Voelkers
I expect rates will inch up slightly in the week ahead as we continue to see volatility in the markets. If we can get to May 6 and find some relief in the next Fed meeting, it will make borrowers feel better, as there is a ton of pent-up demand for refinancing and new homebuyers.
Robert J. Smith
Chief Economist, GetWYZ Mortgage
Expecting slight upward pressure on mortgage rates, given the economic uncertainty that exists in the market. Most participants are pricing the uncertainty to a “worst case" until information to the contrary emerges.
Dr. Anthony O. Kellum
President & CEO, Kellum Mortgage , Roseville , MI
I expect interest rates to increase this week. The Federal Reserve is maintaining its benchmark rate at 5.25 percent to 5.50 percent and has signaled a cautious approach to future adjustments, especially in light of recent tariff implementations that could drive inflation higher. Mortgage rates have already increased, with the average 30-year fixed rate hovering around 6.80 percent as of April 22, 2025. Additionally, the International Monetary Fund has revised its U.S. growth forecast downward to 1.8 percent for 2025, citing the negative impact of tariffs and heightened trade tensions. This economic uncertainty, combined with persistent inflationary pressures, suggests that the Federal Reserve may delay any rate cuts, keeping borrowing costs elevated in the near term. Given these factors, I anticipate that interest rates will trend upward this week as the market responds to ongoing economic developments and policy decisions.
40% say rates will go down
Michael Becker
Branch Manager, Sierra Pacific Mortgage , White Marsh , MD
The Treasury bond market has been very volatile over the past few weeks. Comments by President Trump regarding tariff policy or the possible removal of Fed Chairman, Jay Powell, have led to spikes in Treasury yields and mortgage rates. When he softens his tone on those two topics, we see a rally in bonds and a drop in mortgage rates. Not knowing what the President will say or tweet from one day to the next — it’s hard to predict what will happen with mortgage rates. But considering we are close to the top of the current range in mortgage rates, I will predict a small drop in mortgage rates in the coming week.
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Mortgage rates are going to be lower this week as President Trump softens his stance on Powell and China tariffs. The bond market has had a nice rally with bond yields tumbling back to 4.30 percent and lower on President Trump's latest comments. Bond yields had risen after Trump stated his dissatisfaction with Fed Chair Jerome Powell and threatened to find a way to fire him. Powell’s dismissal would have wreaked havoc on the financial markets. Trump’s statement that he will not fire Powell has soothed raw nerves.
Heather Devoto
Vice President, Branch Manager, First Home Mortgage , McLean , VA
We anticipate rates declining modestly in the week ahead as investors react to the Trump administration’s seeming trade war de-escalation.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
A softer tone on tariffs and hope for de-escalation in the trade war will help bond yields and mortgage rates.
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
Down. Markets overreacted, as usual, though if Trump actually tries to fire Powell, find the nearest fallout shelter.
Les Parker, CMB
Managing Director, Transformational Mortgage Solutions , Jacksonville , FL
Mortgage rates will go down. Here’s a parody of “I Want It That Way,” Backstreet Boys’ mega 1999 hit. “Tell us why. Ain't nothin' but a bad bid. Tell us why. Ain't nothin' but big mistakes. Tell us why. We never want IBs to say. I Want It That Way.” With the 10-year yield finding buyers under 4.45/49, a return to 4.15 should be no surprise. Elevated volatility suggests the mortgage rate can move a quarter of a percent either way.
13% say unchanged–
Nicole Rueth
Market Leader, The Rueth Team of Movement Mortgage , Denver , CO
Unchanged. We are still seeing the economy slow as economic data comes out. Trucking and shipping are now down after PMI Services and Manufacturing. This would lead to lower rates. However, fears around tariff implications on inflation and uncertainty between the administration and the Fed, are creating upward pressure on rates. For that reason, I am staying with unchanged (yet volatile) in the short term.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Unchanged. Following a bump in rates overall, I expect mortgage rates to remain approximately at their current levels until we get some clarity on the true effects of the burgeoning trade war.