Expert poll: Mortgage rate trend predictions for November 30-December 6
|Stay the same||40%|
Rate Trend Index
Experts predict where mortgage rates are headed
Week of Nov. 30 - Dec. 6
|Stay the same||40%|
The inflation beast has not yet been slain. Higher mortgage rates slow down the beast.— Jeff Lazerson Mortgage Grader
40% say rates will go up
Certified mortgage planning specialist and branch manager, Academy Mortgage , Yuma , Arizona
The emotional good feelings from the Thanksgiving week have now passed. The measurable metrics of inflation and talks of continued supply chain stresses will drive the market higher. Until you see relief from rising prices, you will not see relief from rising interest rates.
Up. The inflation beast has not yet been slain. Higher mortgage rates slow down the beast.
20% say rates will go down
Ken H. Johnson
Real estate economist, Florida Atlantic University
In the last three weeks, 10-year Treasury yields are down nearly 50 basis points. During this time, long-term mortgage rates have declined roughly the same amount. This has all happened in an atmosphere of generally improving economic news. All of this should last for the next week. Generally good economic news will continue to draw cash off the sidelines into virtually all asset classes leading to slightly lower long-term mortgage rates.
40% say unchanged–
Loan agent, CrossCountry Mortgage , Alamo , CA
Mortgage rates are about the perception of inflation. The Fed is expected to increase the target for the overnight rate by 50 basis points on Dec. 14. This reduction from what has been the usual 75 bps may seem to support lower rates. However, inflation is by no means contained. CPI increases will likely remain over 4 percent through the end of 2023. In fact, the Fed is pumping the notion that it will increase its goal for annual inflation from 2 percent to 3 percent.
CMB, managing director, Transformational Mortgage Solutions , Jacksonville , Florida
Mortgage rates hold steady. Here's a parody based on the 1975 hit by Bob Seger, “Beautiful Loser”: "Beautiful loser; Never take highs out. 'Cause it's easier. And faster when Bulls fall. They just don't need it all." The significant drop in rates over the last few weeks maybe takes a breather this week.