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Rate Trend Index
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?
Don't lock in This week (Oct. 31 - Nov. 6) the experts say: Let it ride. Rates are probably headed down or at least staying the same.
  PANEL:  
Down: 36%
Up: 28% Unchanged: 36%
After being whipsawed for the past two weeks by rapidly changing mortgage rates, our experts are divided.
Graph the trend for mortgages
Archive of Rate Trend Index columns
 
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EXPERT'S COMMENTS:
"Rates will go up in the next 30 days but down in the next week. A short pullback after the big move is expected, but stocks will rally again trough year-end, hurting rates."
-- Brian Peart, president, Nexus Financial, Atlanta
RATE VOTE: Up
"Due to the potential of war, terrorism and corporate mis-accounting, the market will soften back down. We should see some lowering of rates in the next few weeks."
-- Randy Starman, president, 1AAproved Mortgage, Reno, Nev.
RATE VOTE: Down
"Now that we have returned to previous lows, we do not anticipate lower rates. Economic performance will continue to muddle along with concerns of an erosion to current performance tempered by further Federal Reserve stimulants."
-- Neil Cribb, president, Mortgage Financial Network, Safety Harbor, Fla.
RATE VOTE: Unchanged

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BANKRATE'S ANALYSTS:
"After taking two steps forward over the past two weeks, it is now time for one step back. Increased evidence of economic weakness has many expecting a Fed rate cut. Diminished economic realities mean mortgage rates will take a step back, too."
-- Greg McBride, financial analyst, Bankrate.com
RATE VOTE: Down

"A raft of economic reports on Halloween and Nov. 1 will clarify the economic picture. If gross domestic product, wholesale inflation, the unemployment rate and factory production check in with better-than-forecast numbers, expect mortgage rates to rise."
-- Holden Lewis, senior reporter, Bankrate.com
RATE VOTE: Up

................................

About the Bankrate.com Rate Trend Index

 

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NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 5.34%
15 yr fixed mtg 4.94%
5/1 ARM 4.94%
Rates may include points


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