Mortgage rates aren't likely to move significantly in the next week, according to the majority of rate watchers polled by Bankrate.
Of those polled, 60 percent expect rates to stay the same, 27 percent expect rates to rise and 13 percent expect rates to fall in the week beginning June 19.
The average 30-year fixed mortgage rate was 6.86 percent as of June 18, according to Bankrate’s national survey of large lenders, down from 6.90 the previous week.
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Rate Trend Index
Experts predict where mortgage rates are headed
Week of June 12 - 18, 2025
| Go up | 27% |
|---|---|
| Stay the same | 60% |
| Go down | 13% |
The Fed increased their inflation forecast for 2025 through 2027, which won’t help mortgage rates. — Greg McBride, Bankrate
27% say rates will go up
Derek Egeberg
Branch Manager, MortgageOne , Yuma , AZ
The Fed [did not lower] the fed funds rate today. Watch for stocks to continue higher on that news, which will push mortgage rates in the same direction. Rates will continue slipping slowly higher given our current economic climate.
Dan Green
Mortgage originator at Homebuyer.com, Homebuyer.com , Cincinnati , OH
Up. Bond markets [are] reacting poorly to conflict in the Middle East.
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
Up. Uncertainty in the Middle East [is] the main factor.
13% say rates will go down
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
Geopolitical uncertainty will drive capital around the globe to U.S. bonds (namely the 10-year Treasury) seeking safety. This increase in demand will, in turn, drive the price of these bonds up, resulting in lower yields. Falling yields on 10-year Treasury bonds will result in lower long-term mortgage rates. This effect will not be dramatic, but it will lower mortgage rates next week.
Richard Martin
Director of Home Lending, Curinos
I expect rates to end the week lower as the Fed decision/announcement, or rather, future pace of cuts, shows hope of cuts happening sooner than the market expected. Also, [expect] some rate relief due to geopolitical events and a flight to safety.
60% say unchanged–
Michael Becker
Branch Manager, Sierra Pacific Mortgage , White Marsh , MD
No surprises from the Fed today. They kept rates unchanged, and there were only subtle differences in their new dot plot or predictions of future fed funds rate. Mortgage rates will be flat in the coming week.
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Mortgage rates will remain rangebound as the Fed has left the fed funds rate unchanged. The Fed is more focused on inflation than they are on the employment sector. As such, we are back to data-watching and global events to look for any movement in mortgage rates. Remember that bad news for the economy will be good news for mortgage rates.
Dr. Anthony O. Kellum
President & CEO, Kellum Mortgage , Roseville , MI
I think mortgage rates will remain the same. While we've seen some encouraging signs in inflation data and economic activity is beginning to cool, there's still enough uncertainty in the market, particularly around the Fed's next move, to keep rates steady in the near term. Barring any unexpected data releases, I anticipate a holding pattern this week.
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
Weak retail sales overall at -0.9 percent for May and core (excluding vehicles and gasoline) at -0.1 percent is not enough to drive rates. Look for rates to stay flat in the 6.875 percent to 7.0 percent range.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
Unchanged. The Fed increased their inflation forecast for 2025 through 2027, which won’t help mortgage rates.
Nicole Rueth
Market Leader, The Rueth Team of Movement Mortgage , Denver , CO
Rates are holding steady, trading in an increasingly narrow range as the market waits for a clear signal. Despite softer retail sales, bond traders are cautious. Inflation is cooling, but without a meaningful break in the labor market, the Fed has no urgency to move, and neither do rates. Until we see a bigger shift in employment or economic growth, we’re likely stuck drifting sideways.
James Sahnger
Mortgage Planner, C2 Financial Corporation , Jupiter , FL
Unchanged. The Federal Reserve meeting concluded Wednesday with the expected decision to leave the fed funds rate unchanged. Even though inflation has been decreasing this year, the Fed expects inflation to remain higher and the economy to slow. The concern of a trade war still exists and [the] impact of increased tariffs could be inflationary later in the year. That said, look for interest rates to remain somewhat consistent as everyone looks for more direction from Washington, not only on trade but also [on] the conflict between Israel and Iran.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Unchanged. The Fed’s decision to leave rates unchanged matches market expectations. With overall rates maintaining current levels, I believe that mortgage markets will also remain at current levels.
Robert J. Smith
Chief Economist, GetWYZ Mortgage
I do not expect [any] material change in rates over the next week. However, should the Israeli conflict with Iran escalate, then expect some slight downward pressure.