Expert Poll: Mortgage Rate Trend Predictions For July 22-28, 2021

Rate trend index

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Mortgage experts mostly think rates will fall in the week ahead (July 22-28). In response to Bankrate's weekly poll, 67 percent said rates will drop, while 22 percent said they hold steady and just 11 percent said they will rise. Calculate your monthly payment using Bankrate's mortgage calculator.

Long and the short of it, 30-year fixed rate mortgages should decline noticeably this week.

— Ken H. Johnson, Florida Atlantic University

11% say rates will go up

Greg McBride photo

Greg McBride

CFA, chief financial analyst,

Vote: Up. Bond yields are already bouncing off the lows following last week’s plunge but on net mortgage rates will still be lower than a couple weeks ago.

67% say rates will go down

Gordon Miller photo

Gordon Miller

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

Interest rates should ease lower with the lifting late last week of the adverse market fee and the drop in the 10-year Treasury after the Fed once again reinforced inflation as transitory. New concerns about the covid variant globally have also raised concerns of continued growth being slower than expected so a return to the lows for the year are quite possible in the weeks ahead.

Ken H. Johnson photo

Ken H. Johnson

Real estate economist, Florida Atlantic University

Long-term mortgage rates will fall in the coming week. A declining stock market, foreign demand for U.S. debt, and the need for portfolio rebalancing by institutional players have all come together to bid up the price of 10-year Treasurys. This increased demand has pushed down 10-year yields significantly to levels that no one anticipated. Long and the short of it, 30-year fixed rate mortgages should decline noticeably this week.

Jennifer Kouchis photo

Jennifer Kouchis

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

Rates will improve: With the 0.5 percent adverse market LLPA dropping in the coming weeks, some lenders have chosen to pull the trigger in advance of the August date, making rates more favorable.

Les  Parker photo

Les Parker

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

Mortgage rates fall. Here's a parody based on the 2017 Dua Lipa hit, “New Rules.” "Bulls got new rules; Bulls count 'em; Bulls gotta tell them to Bears." Recent housing data supports transitory inflation from bottlenecks that increase building material costs, scarcity in construction labor supply, and rising high selling prices curtailing buyer demand.

Jeff Lazerson photo

Jeff Lazerson

President, MortgageGrader

Down. Delta variation of COVID-19 is stronger than inflationary pressures.

Robert Brusca photo

Robert Brusca

Chief economist, Facts and Opinions Economics, New York


22% say unchanged

Joel Naroff photo

Joel Naroff

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

Flat. Waiting for some new data on inflation.

Dick Lepre photo

Dick Lepre

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

Trend: Flat. The combination of bullish (higher prices, lower yields) Treasury and techs, and angst induced by the increase in COVID cases sent the 10-year yield below 1.2 percent. For this week the call is flat as the market catches its breath but this is not the bottom. Uncertainty will continue to drive money to fixed income securities sending mortgage rates lower.