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Expert poll Mortgage rate trend predictions for November 10-16
Ruben Çağınalp is an associate writer for Bankrate, focusing on mortgage topics. Nov. 9, 2022 Advertiser Disclosure Advertising Disclosure
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. is an independent, advertising-supported publisher and comparison service. We are in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to strict . Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace. In addition, though we strive to make our listings as current as possible, check with the individual providers for the latest information. Experts say rates will... Go up 36% Stay the same 36% Go down 27% sssss At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for . Rate Trend Index Experts predict where mortgage rates are headed
Week of Nov. 10 - 16 Experts say rates will... Go up 36% Stay the same 36% Go down 27% Steady Treasury yields will lead to steady mortgage rates. - Ken H. Johnson 36% say rates will go up
Michael Becker Mortgage rates have been rallying since the Fed meeting last week despite Fed Chairman Jay Powell’s hawkishness during his post-FOMC meeting press conference. The CPI or Consumer Price Index number due out the morning this report will be posted will give us an idea of the direction of mortgage rates over the coming week. The last few reports have caused bonds to sell off and led to higher mortgage rates. I will vote for that trend to continue. Expect higher mortgage rates in the coming week. Greg McBride Inflation has run far hotter for far longer than expected. With a few metrics of inflation and inflation expectations on tap over the coming week, there will be plenty of opportunity for further disappointment. Derek Egeberg Higher. Elections are over. Inflation is hot. Interest rates will continue to rise until inflation is cut in half. Robert Brusca Higher! More Democrats and more inflation! Weeeeeee! 27% say rates will go down
Les Parker Mortgage rates will go down. Here's a parody based on the 1993 international hit by Ace of Base, "The Sign": "Rents saw the sign, and it opened up buyers; Who saw the sign; No one's gonna drag rents up to get into the light where they belong; But where do bulls belong?" Rents are falling since landlords discovered renters don't have the income. So now renters are looking at buying, but rates have to drop to make it sensible. Logan Mohtashami The 10-year yield has had a more challenging time trying to break above the recent highs, and the dollar is getting softer lately. For the next week, the big data line that can move yields higher is the CPI report if it comes in hotter. However, we are also getting to the point where most people understand that rent inflation driving core CPI higher is lagging, so some people are looking past that reality. Other components are more critical. However, we all know the Fed wants a higher unemployment rate, so a higher jobless claims print should start meaning the rise in yields is coming to an end. Everyone needs to keep an eye out on the jobless claims data now for more clues. I believe the Fed will pivot once that breaks over 323,000 on a four-week moving average. Dan Green The midterms added the clarity that mortgage markets needed. Rates go down from here. 36% say unchanged
Joel Naroff Flat. Markets need to digest the election. Ken H. Johnson The 10-year Treasury yield has held fairly steady the last few days. Mortgage rates, not surprisingly, have followed suit hovering in the 7 percent range. Steady Treasury yields will lead to steady mortgage rates. Next week, long-term mortgage rates will remain unchanged. Dick Lepre CPI is Thursday, Nov. 10. CPI could move markets if there were a report well outside the range of forecasts. The most important number in the CPI report is Ex Food and Energy year-over-year. Conforming mortgage rates will stay in the 7 percent to 7.5 percent range until there is a substantial change in CPI. Jeff Lazerson Unchanged.