| 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. 24 - Nov. 30) the experts say:
Mortgage rates are more likely to rise than to fall. |
| |
PANEL: |
|
|
Down: 25%
|
Up:
50% |
Unchanged:
25% |
|
|
|
|
| EXPERTS' COMMENTS: |
"Rates are coming down
just in time for the holidays. We often see a Santa Claus rally in
the stock market toward the end of the year; it looks like we may
see one with interest rates, too. Just one more thing to be thankful
for this Thanksgiving."
-- Jason P. Flurry, CFP, Legacy Partners
Financial Group, LLC, Woodstock, Ga.
 RATE
VOTE: Down |
|
"The techs have given
us only modest relief as they call for a mild bullish correction
to the overall bearish market. Last week's inflation data helped,
but the numbers were not strong enough to support the "let's buy
because inflation ain't happening" school. With two more Fed hikes
on tap we are seeing the short end consequently lifted and the long
end lifted a bit less for an overall flatter curve. Once the Fed
is done tightening (as early as February) we will see attention
turn to the notion, "Now that the Fed has stopped hiking will inflation
break out?" Or, as my dad would have said, "If it isn't one thing,
it's another." In the long run the only relief will come from restrained
core CPI and PCE."
--
Dick Lepre, Residential Pacific Mortgage - SF, San Francisco
 RATE
VOTE: Unchanged
|
|
• Ready to buy? Save money by using our
mortgage
rate search tables to find the best deal.
|
|
| BANKRATE'S ANALYSTS: |
"Mortgage rates will rebound
in coming weeks, with the average 30-year fixed rate ending the year
at 6.45 percent."
-- Greg McBride, CFA, senior financial analyst,
Bankrate.com
 RATE
VOTE: Up
|
"A wise man said: When
the turkey dies, mortgage rates rise."
-- Holden Lewis, senior reporter, Bankrate.com
RATE
VOTE: Up
|
|
•
•
|
 |
•
•
•
|
................................
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.
|
|
 |
|
|
