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 Alert
me when the RTI is updated
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Each
week, Bankrate.com surveys mortgage experts to gauge the
state of mortgage rates over the next 30 to 45 days: Will
rates rise, fall or remain relatively unchanged? |
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 This
week (Dec. 20 - Dec. 27) the experts say:
DON'T LOCK, let the mortgage rate float!
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PANEL:
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Down: 70%
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Up:
10% |
Unchanged:
20% |
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In this week's RTI, 70 percent
of the survey's respondents said rates will fall,
vs. only 10 percent who say they will rise. The
remaining fifth think rates will remain relatively
unchanged (+/- 2 basis points from where they
are now).
As in the past several weeks,
participants said the slowing economy will force
the Federal Reserve Board to cut rates. That,
in turn, should send mortgage rates lower. A couple
of respondents said loan rates have already dropped
far enough to reflect the economy's current state.
Graph
the trend for mortgages Archive
of Rate Trend Index columns
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COMMENTS:
"The Fed will be lowering rates
in the coming months. The only thing that can stop lower
rates is a tax cut."
-- Jerry Gordon, Greater Atlanta Mortgage, Atlanta
 RATE
VOTE:
"Interest rates have made their
move until after the first of the year."
-- Jack Dunn, Jefferson Mortgage, Dallas
 RATE
VOTE:
• Ready
to buy? Save money by using our mortgage
rate search tables to find the best deal.
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BANKRATE'S
ANALYSTS:
"The Fed's
signal of forthcoming rate cuts, combined with continued
volatility in the equity markets, will keep investor demand
for bonds at a high level. This will push bond yields,
and mortgage rates, even lower."
-- Greg McBride, financial analyst, Bankrate.com
RATE
VOTE:
More
interest rate analyses from Greg McBride
"The carnage continues in both the
stock market and the real economy. Share prices are
plunging. More companies are warning about slowing sales
and profits. Larger numbers of workers are getting laid
off. From a mortgage hunter's perspective, that's good
news and rates should keep slipping."
-- Michael D. Larson, mortgage writer, Bankrate.com
 RATE
VOTE:
More
mortgage analyses from Michael D. Larson
More
mortgage stories from Bankrate.com
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| -- Posted: Nov. 29, 2001 |
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