Expert Poll: Mortgage Rate Trend Predictions For July 22-28, 2021
Experts say rates will ...
Stay the same
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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.
Rate trend index
Experts predict where mortgage rates are headed
Week of Jul 22 - 28
Experts say rates will ...
Stay the same
Long and the short of it, 30-year fixed rate mortgages should decline noticeably this week.
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.
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.
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.
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.
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.
About the Bankrate.com Rate Trend Index
Bankrate's panel of experts is comprised of economists, mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers. Results from Bankrate.com’s Mortgage Rate Trend Index are released each Thursday.
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