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Experts say rates will…
Rates are likely to drop in the coming week, according to the majority of ratewatchers polled by Bankrate.
Of those polled, 56 percent of respondents predict rates will drop, and 44 percent predict rates won’t change. No one expects rates to rise in the coming week.
The average 30-year fixed rate was 6.89 percent as of June 4, according to Bankrate’s national survey of large lenders, down slightly from 6.94 the previous week.
Estimate your monthly mortgage payment based on current rates using this calculator.
Rate Trend Index
Week of June 5 – 11, 2025
Experts say rates will…
Going into the new week, I expect to see favorable rates. If you’re doing a loan, do not gamble; lock now. We are in a good spot!
Michael Becker
Branch Manager, Sierra Pacific Mortgage , White Marsh , MD
If Friday's non-farm payroll report shows weakness similar to what today’s ADP payroll report showed, bonds will rally. After two weak ADP reports, I expect the report this Friday will disappoint and bonds will rally, and we will have lower mortgage rates next week.
Melissa Cohn
Regional Vice President, William Raveis Mortgage
Mortgage rates will get some relief this week thanks to the much weaker ADP jobs report. Of course, the government jobs report on Friday could be a game-changer if it is not a weak report as well. New tariffs on steel will check any real improvement in rates as the higher prices signal a warning sign for inflation.
Heather Devoto
Vice President, Branch Manager, First Home Mortgage , McLean , VA
I'm looking for rates to decline in the week ahead as market participants continue to evaluate the labor market and the impact of trade policy on the global economy.
Ken Johnson
Walker Family Chair of Real Estate, University of Mississippi
On May 2, the 10-year Treasury closed with a yield of 4.32 percent. On May 21, it closed at a yield of 4.60 percent. On June 3, the market opened at a yield of 4.45 percent. Before May 21, yield movements were mostly up. After May 21, yield movements were mostly down. Bond yields are highly correlated with mortgage rates, making this mortgage rate call pretty much a toss-up. Call me an optimist. I am going with the more recent trend. Next week, long-term mortgage rates will follow the more recent trend in the 10-year and go down, if only slightly.
Dr. Anthony O. Kellum
President & CEO, Kellum Mortgage , Roseville , MI
It's still a bit early to say definitively, but I believe rates are likely to head down as we move into summer. Market momentum and recent signals suggest a shift toward easing, which could be promising for both buyers and homeowners looking to refinance. Recent forecasts indicate that mortgage rates may decline modestly in the latter half of 2025. For instance, Fannie Mae projects rates to end the year around 6.3 percent, down from current levels near 7 percent. This anticipated decrease is based on expectations of slower economic growth and easing inflation, which could prompt the Federal Reserve to lower interest rates.
Jeff Lazerson
President, MortgageGrader
Down — private sector jobs report was abysmal.
Richard Martin
Director of Home Lending, Curinos
In terms of this week, expect rates to end the week lower on the heels of a disappointing employment report Friday and downward revisions from prior months.
Greg McBride, CFA
Chief Financial Analyst, Bankrate , North Palm Beach , FL
A slowdown in the labor market would help bond yields and mortgage rates, but just a little bit. We’re not going to see a plunge in mortgage rates until inflation risks are off the table.
Denise McManus
Global Real Estate Advisor, Engel & Voelkers & Senior Lender, Xpert Home Lending, Engel & Voelkers
Going into the new week, I expect to see favorable rates. Again, no big swings but with a slight downward trickle and positive mindset, especially now that Fannie Mae has revised their position on rates and the housing market for the remainder of 2025. If you’re doing a loan, do not gamble; lock now. We are in a good spot!
Dick Lepre
Senior Loan Officer, Realfinity , Alamo , CA
Trend: Flat. Yields on fixed-income securities continue to be boringly flat. Look for 30-year fixed mortgages to stay in the 6.875 to 7.0 percent range.
Joel Naroff
President and Chief Economist, Naroff Economic Advisors , Holland , PA
With promises of a phone call with [China's President] Xi hanging over the markets, expectations still run high despite past disappointments. They may not be met once again.
Mitch Ohlbaum
Mortgage Banker, Macoy Capital Partners , Los Angeles , CA
Unchanged. The 10-year treasury is currently trading at 4.41 percent and only down slightly from last week. There are economics pulling at both sides of the interest rate argument. On one side, you have job creation at the lowest in two years in May, following downward revisions from April. On the other side, you have concerns about inflation due to tariffs. The solid news is that unemployment has remained steady. I would not expect much change until the tariff issues have settled.
Les Parker, CMB
Managing Director, Transformational Mortgage Solutions , Jacksonville , FL
Mortgage rates will go nowhere. Here’s a parody of “Chains,” Nick Jonas' 2014 hit. “Range got bonds in chains. Range got bonds in chains with doves. The range wouldn't change. No, range wouldn't change for love.” With more data comes more confusion, which gives bonds room to go nowhere. However, a significant rise in oil prices would drive rates up.
Nicole Rueth
Market Leader, The Rueth Team of Movement Mortgage , Denver , CO
Rates are holding steady and bouncing inside a narrow band of uncertainty. This morning’s ADP report missed the mark and ISM growth metrics weakened, helping push rates down slightly. But inflation isn’t backing off, the ISM price index climbed again, adding to last month’s hot PPI reading. The Fed remains on the sidelines, watching the tug-of-war between slowing growth, easing labor and sticky inflation. Until one clearly breaks, rates are stuck…and so are we.
Sean P. Salter, Ph.D.
Associate Professor of Finance and Dale Carnegie Trainer, Middle Tennessee State University , Murfreesboro , TN
Unchanged. Chaos reigns at the moment. With all the uncertainty surrounding economic, geopolitical and social activity, I do not expect any participants to take significant action that would alter rates in the short term. The Big Beautiful Bill may be DOA and the U.S. Congress is backpedaling on DOGE cuts. Ukraine is pushing back hard on Russia, and it’s not clear what — if anything — Russia is going to do about it. I expect rates to remain relatively unchanged until the picture gets developed.
Robert J. Smith
Chief Economist, GetWYZ Mortgage
Rates will be relatively unchanged, barring any surprises on key economic data, employment data this Friday and inflation data next Wednesday.
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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