Bankrate’s weekly stable of mortgage experts mostly expect rates to enter their Thanksgiving-induced coma early.
A majority of respondents — 64 percent — said that rates will remain the same this week, while 27 percent expected them to rise and 9 percent expected them to fall.
Where experts see mortgage rates going next week
“With the holiday upon us it should be a quiet week for the markets. I would expect rates to stay the same,” said Gordon Miller, owner of Miller Lending Group in Cary, North Carolina.
Dick Lepre, a senior loan officer at RPM Mortgage in Alamo, California, agreed.
“Trend: Flat,” he said. “With market participation thinned by the Thanksgiving holiday markets become less predictable.”
Even those who said rates would change aren’t predicting significant jumps.
“I expect this trend to continue through the holiday with slightly higher rates this week,” said Michael Becker, branch manager at Sierra Pacific Mortgage in White Marsh, Maryland.