| 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 (Sept. 22 - Sept. 28) the experts say:
Mortgage rates look fairly stable, but they might fall. |
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PANEL: |
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Down: 33%
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Up: 0% |
Unchanged:
67% |
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| EXPERT'S COMMENTS: |
Even with yesterday's
rate increase by the Federal Reserve, I do not see mortgage rates
moving either direction."
-- Ray Champion, president, Pro Mortgage
Corp., Dallas
 RATE
VOTE: Unchanged
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• Ready to buy? Save money by using our
mortgage
rate search tables to find the best deal.
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| BANKRATE'S ANALYSTS: |
"Mortgage rates will slide
as disappointing post-Katrina economic data emerges, and Hurricane
Rita represents an additional threat to oil prices."
-- Greg McBride, CFA, senior financial analyst,
Bankrate.com
 RATE
VOTE: Down
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"Rates have barely moved
in the last two weeks. With little evidence of which way rates are
headed, I'll assume they will stay about the same."
-- Holden Lewis, senior reporter, Bankrate.com
RATE
VOTE:Unchanged
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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.
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