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Experts say rates will…
Rates are likely to stay flat this week, says the plurality of rate watchers polled by Bankrate.
Of those polled, 42 percent of respondents predict rates will remain unchanged, 33 percent expect rates to drop and 25 percent say rates will rise.
The average 30-year fixed rate was 6.82 percent as of May 7, according to Bankrate’s national survey of large lenders, up slightly from 6.81 the previous week.
Estimate your monthly mortgage payment based on current rates using this calculator.
Rate Trend Index
Week of May 8 – 14, 2025
Experts say rates will…
We’re caught between two forces: stagnating growth that should pull rates down, and rising costs that could push them up. Until we know which one takes the lead, expect volatility and hesitation.
Robert Brusca
Chief Economist, Facts and Opinions Economics , New York , NY
Higher.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
After last week’s mortgage rate prediction, the yield on 10-year Treasurys rose for six days in a row. This came on the heels of five down trading days in a row where Treasury yields went down. While I was incorrect last week, I am going with the trend again — Treasury yields will continue to rise and so will mortgage rates. Next week, expect long-term mortgage rates to rise.
Robert J. Smith
Chief Economist, GetWYZ Mortgage
Expecting slight, continued upward pressure on mortgage rates over the next week, as we await the inflation data next Tuesday.
Melissa Cohn
Regional Vice President, William Raveis Mortgage
The Fed left rates unchanged as the new Tariffs have increased the risk that inflation and unemployment will rise. Mortgage rates will drop a bit this week as bonds have cheered the Fed’s decision to leave rates alone. Now its back to data watching and, of course, to see where the tariff negotiations end up.
Heather Devoto
Vice President, Branch Manager, First Home Mortgage , McLean , VA
I expect rates to decline back toward the recent bound of their trading range in the week to come as traders react to updates in trade and tariff policy.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
With inflation already elevated and expected to move higher, it will take evidence of a material downturn in the job market for the Fed to resume cutting interest rates.
Dr. Anthony O. Kellum
President & CEO, Kellum Mortgage , Roseville , MI
Interest rates appear to be heading down this week. Mortgage rates are declining, with the 30-year fixed rate falling below the Q1 average of 6.83 percent, and 54 percent of experts predicting further drops. While the Fed is expected to keep its benchmark rate steady for now, market data suggests potential cuts later this year due to economic and inflation trends.
Michael Becker
Branch Manager, Sierra Pacific Mortgage , White Marsh , MD
Very little changed in the Fed’s statement form their previous statement. They will be data-dependent. Powell did mention that it would be hard to reach their goal on inflation if tariffs remain in place. But given that mortgage rates are in the middle of the range they’ve been over the last several months, I don’t see a lot changing in the coming week. Mortgage rates flat over the next week.
Richard Martin
Director of Home Lending, Curinos
Don’t expect much movement in rates in terms of where we end the week, only potential surprises might stem from Fed Powell’s comments and any indication that the economy is slowing down or employment is softening further. Would be great for some stability to return to the bond markets.
Nicole Rueth
Market Leader, The Rueth Team of Movement Mortgage , Denver , CO
Rates are holding steady with a slight upward lean as the market wrestles with the inflation risk of tariffs and the drag of a slowing economy. Powell said it himself —“ We won’t make progress on goals this year if tariffs stay.” We’re caught between two forces: stagnating growth that should pull rates down, and rising costs that could push them up. Until we know which one takes the lead, expect volatility and hesitation.
James Sahnger
Mortgage Planner, C2 Financial Corporation , Jupiter , FL
The Fed concludes its meeting today where it is widely expected that Powell will leave the Fed Funds Rate unchanged as most economic date recently released has been relatively cool. While this would seem to open the door to lower rates, the impact of tariffs has yet to be seen and won’t likely show their impact for a few months of data. On the subject of tariffs, the US and China are meeting this weekend and hopefully some clarity will come out for the markets to digest. Powell’s statement could provide movement in rates either way.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Unchanged. The Fed chose to neither cut nor raise interest rates at its meeting this week, and markets were immediately mixed. With no rate cuts to help push mortgage rates lower, I expect that rates will basically be unchanged until the market gets some better understanding of how the trade war and tariff situation will play out.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
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