| 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 (Nov. 10 - Nov. 16) the experts say:
Rates are either going up or down, but the experts are deadlocked. |
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PANEL: |
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Down: 50%
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Up: 50% |
Unchanged: 0% |
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| EXPERTS' COMMENTS: |
"When all is said and
done, this business is driven by the perception of inflation, and
with crude prices turning down it is hard to see inflation rearing
its ugly head. ... We see slightly lower rates in the next two weeks.
Significant correction may take until November's CPI release on Nov.
16."
-- Dick Lepre, Residential Pacific Mortgage
- SF, San Francisco
 RATE
VOTE: Down |
"With mortgage rates continuing
upward, there is a volume spike of purchasers."
-- Ray Champion, Pro Mortgage Corp., Dallas.
 RATE
VOTE: Up |
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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: |
"We'll see tamer inflation
numbers in the PPI and CPI now that oil has retreated from $70 per
barrel. This will pull mortgage rates down -- but only a little bit."
-- Greg McBride, CFA, senior financial analyst,
Bankrate.com
RATE
VOTE: Down
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"Wages and prices have
been rising; not much, but enough to keep the Federal Reserve's hand
firmly on the steering wheel. The result is upward pressure on adjustable-rate
and fixed-rate mortgages."
-- Holden Lewis, senior reporter, Bankrate.com
RATE
VOTE: Up
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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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