Expert Poll: Mortgage Rate Trend Predictions For Sept. 16-22, 2021

Rate trend index

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Mortgage experts mostly expect rates to fall in the week ahead (Sept. 16-22). In response to Bankrate's weekly poll, 50 percent said rates will drop, while 42 percent said they would stay put and just 8 percent said they will rise. Calculate your monthly payment using Bankrate's mortgage calculator.

We should see slightly lower rates this week. CPI print showed that inflation was restrained and the techs are bullish.

— Dick Lepre, RPM Mortgage, Inc.

8% say rates will go up


Joel Naroff photo

Joel Naroff

President and chief economist, Naroff Economic Advisors, Holland, Pennsylvania

Up. Less fear of an immediate Fed rate hike.

50% say rates will go down


Jeff Lazerson photo

Jeff Lazerson

President, MortgageGrader

Down.

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Les Parker

CMB, managing director, Transformational Mortgage Solutions, Jacksonville, Florida

Mortgage rates go down. Here's a parody based on “Counting Stars,” a mega-hit from OneRepublic, the band performing at the Mortgage Bankers Association convention in San Diego this October. "But maybe, bucks’ been, gold’s been movin' hard; ‘cause, no more doubtin' Powell, They'll be; we'll be countin' stars." Questionable U.S. fiscal policy, tame volatility, and a flattening curve point to the 10-year yield taking out 1.25 percent, so expect mortgage rates to fall.

Greg McBride photo

Greg McBride

CFA, chief financial analyst, Bankrate.com

Vote: Down. The lower than expected inflation reading allows the Fed to defer any tapering decision beyond the September 22 meeting and take time in gauging the impact of the delta variant on the economic recovery.

Dick Lepre photo

Dick Lepre

Senior loan officer, RPM Mortgage, Inc., Alamo, CA

Trend: Lower. We should see slightly lower rates this week. CPI print showed that inflation was restrained and the techs are bullish (higher prices and lower rates).

Robert Brusca photo

Robert Brusca

Chief economist, Facts and Opinions Economics, New York

Lower.

Logan Mohtashami photo

Logan Mohtashami

Housing analyst, HousingWire, Irvine, California

Lower. Interesting week in bonds; yields fell after the weaker CPI data. However, the 10-year yield never really bought into the massive growth and inflation hype. We know that the rate of growth in some of our economic data lines is going to cool down naturally, working from extreme highs. If the inflation rate of growth has peaked and the Fed will hold off on the taper, you can make a case that yields should rise as the Fed will delay slowing the economy down until later. However, that discussion is still a way out.

42% say unchanged


Gordon Miller photo

Gordon Miller

Owner, Miller Lending Group, LLC, Cary, North Carolina

Rates will likely stay the same this week despite tame inflation news as the markets will turn their focus to what the Fed meeting will produce next week. Awaiting news on the onset of tapering asset purchases will once again derail what should have been a decline in rates this week, although I do not personally think the Fed will actually mention tapering on the 22nd.

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Ken H. Johnson

Real estate economist, Florida Atlantic University

Long-term mortgage rates will remain unchanged this week. In recent weeks, there has been little movement in both the 10-year Treasury Note yields and long-term mortgage rates. Until congress acts on President Biden’s $3.5 trillion spending proposal and the Fed begins to taper, very little will happen. Long-term mortgage rates will remain unchanged this week.

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Jennifer Kouchis

Senior vice president, real estate lending, VyStar Credit Union, Jacksonville, Florida

Rates will remain the same. With uncertainty surrounding the delta variant and the economy I expect things will remain on a sideways trend for now. However, as always when we near the Fed Meeting, we may see some small upward spikes that I don’t expect to amount to much in the end.

Michael Becker photo

Michael Becker

Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

Yields on Treasury bonds and mortgage-backed securities, which determine mortgage rates, have been in a consolidating pattern over the last few weeks. It seems as though markets are waiting for next week’s Fed meeting before yields break out of this consolidating pattern. Markets are trying to figure out if a tapering announcement will be made at the end of this meeting. For now, I think the consolidating pattern will continue with not much movement in mortgage rates. Rates will be flat in the coming week..

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Mitch Ohlbaum

Mortgage banker, Macoy Capital Partners, Los Angeles, CA

Unchanged and the 10-year is trading at 1.314 percent today, which is just slightly higher than the last few weeks but not enough to make any changes in mortgage rates. The CPI was lower than expected and the only slowdown since late last year. Core inflation also dropped, allowing the market to stabilize at least for now. As mentioned in my last few posts, I believe that the inflation fears were transitory at least through the balance of 2021 so these numbers may be the proof.