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Mortgage Rate Trend Index

 

Will rates go up, down or remain unchanged?

Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Mortgage rates are unsustainable at levels like this. Lock 'em while you can, folks.
Chris KarageorgeChris Karageorge
Senior home loan adviser, Universal American Mortgage Company, Wayzata, Minn.
I expect rates to increase over the next week or so, but only slightly. We caught a nice dip due to the European crisis. I expect the U.S. market to begin to correct, but news about European markets should keep rates fairly tame.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Rates at these low levels have been driven by a flight to quality predominantly from overseas economic, debt and political concerns. When near these levels in the past, rates jumped. Some people have said rates could go to 4.5 percent for a 30-year fixed this summer. If you can benefit now from rates under 5 percent with no points, do not gamble here. Put the money in your pocket and save today. (Submit an) application and be done with it.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
Premature intra-day reprices for the worse and lagging rate improvements are an indicator of what's on the horizon this week.
Mark MadsenMark Madsen
Mortgage consultant, Raintree Mortgage, Las Vegas
Mortgage rates have dropped so quickly over the past few weeks mainly due to economic concerns in Europe. However, there is a bias toward a slight increase in rates in the near future as things get sorted out on the stock markets. This would be a good week to lock.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Mortgage rates are again at historic lows. While I don't see the European debt crisis abating anytime soon, I'm not sure how long these low rates will hang around. If recent history has taught us anything, it's that low rates can reverse and reverse quickly. Take advantage of the low rates while they're here. I see a slight rise in rates in the coming week.
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.67% 3.62%
15 yr fixed mtg
2.80% 2.76%
5/1 ARM
2.60% 2.58%
30 yr fixed mtg refi
3.65% 3.61%
View rates in your area:
 

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