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?
This week (Sept. 4 - Sept. 10) the experts say:
Rates will stay about the same.
PANEL:
Down: 25%
Up:
25%
Unchanged: 50%
Half of our mortgage experts predict that rates will stay about the same (plus or minus 2 basis points) over the next 30 to 45 days. One-quarter expect rates to rise and another quarter think rates will fall.
"Has everyone forgotten
that unemployment is still very high? With no new jobs in the near
future, rates might dip lower." -- Todd Brown, executive vice president,
Pinnacle Financial, Melville, N.Y. RATE
VOTE: Unchanged
"We will most likely see
rates drift this week. That could change with a surprise in economic
data, but for the most part I don't see much happening. The overall
trend should continue up through the rest of the year though. If you
are on the fence, consider making your moves soon before the bargains
are gone." -- Jason P. Flurry, CFP, LPL Financial,
Planmark Capital Management, LLC, Alpharetta, Ga. RATE
VOTE: Unchanged
BANKRATE'S ANALYSTS:
"How upcoming economic
releases on employment, retail sales and producer prices fare against
expectations will determine the path of mortgage rates." -- Greg McBride, financial analyst, Bankrate.com RATE
VOTE: Up
"Rates have risen in eight
of the last 10 weeks. The trend is unmistakable." -- Holden Lewis, senior reporter, Bankrate.com RATE
VOTE: Up
• Ready to buy? Save money by using our
mortgage
rate search tables to find the best deal.
................................
About the Bankrate.com Rate Trend Index
Bankrate.com surveys more than 100 experts in the banking and mortgage fields to see if they believe certificate of deposit and mortgage rates will rise, fall or remain relatively unchanged. For the deposit index, the panel comprises banks, thrifts and credit unions that directly offer FDIC-insured certificates of deposit to the end consumer. For the mortgage index, the panel comprises mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers. Results from Bankrate.com's CD Rate Trend Index will be released each Wednesday. Results from Bankrate.com's Mortgage Rate Trend Index will be released each Thursday.
