Mortgage experts evenly split on where rates will go next week

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Mortgage experts were nowhere near a consensus about where rates are headed in Bankrate’s weekly poll.

A third each said rates would rise, fall or remain the same in the days ahead, so your guess is as good as theirs! (Except they are experts.)

Where experts see mortgage rates going next week

“It should surprise nobody that rates will continue to drop with the new explosion of unemployment claims,” said Jeff Lazerson, president of the Mortgage Grader in Laguna Niguel, California.

Borrowers, no doubt, hope he’s right, but not all of his fellow market watchers agreed.

“We could be looking at a volatile week with market reactions to the inauguration and any resulting disruptions that may occur,” said Gordon Miller, owner of Miller Lending Group in Cary, North Carolina. “With more talk about a large stimulus package and inflation we may see a slight upward trend in rates this week although any movement should be minor.”

Others still said rates would remain more or less the same in the week ahead.

“There are no big market movers on tap for the week ahead,” said Elizabeth Rose, sales manager at AmCap Mortgage in Dallas. “All eyes and ears are focused on the stimulus and what it might look like.”