| 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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"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
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