mortgage

Mortgage Rate Trend Index

 

Will rates go up, down or remain unchanged?

Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Lower consumer confidence, job worries, problems in Europe (Greece), and a slowdown in production in China bring me to the conclusion that rates will remain unchanged for the next week.
Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
The opportunity of such historic low rates may cause many to mistakenly wait for future decreases. If you are purchasing or refinancing, see this as the time to act.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
We continue to see record low mortgage interest rates. A continuing weak domestic economy, high unemployment, falling consumer confidence, unrest in Europe and potential economic challenges in China have investor money fleeing to the safety of bonds. Increased demand for bonds leads to lower interest rates. People who are in the market to buy, build or refinance should take this opportunity to take advantage of the "Mortgage Party of Summer 2010" by scheduling some time with their local mortgage adviser to see how they can.
Jeff LazersonJeff Lazerson
President, Mortgage Grader, Laguna Niguel, Calif.
Rates are not the issue. The issues are twofold; lack of consumer confidence and idiotic regulations. ... Regarding regulations, Sarah Wallace, chairwoman of the board at First Federal Savings and Loan Association in Newark, Ohio, said it best in her opinion piece in the Wall Street Journal on (June 29, 2010): "Banks are making regulatory compliance decisions instead of credit decisions."
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The techs are getting overbought and are due for correction no later than just after July 4. Accordingly, we will see a bounce upward in Treasury yields and mortgage rates. The underlying macroeconomics is quite dismal and portends low rates. We are also seeing media arguments about the effectiveness of Keynesian deficit spending. ... There is a recurrence of the early 1980s arguments as to whether supply-side economics or Keynesian spending is appropriate. What we have is a whole lot of ugly for everything except Treasuries.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
It appears that signs of economic recovery are waning and this may be confirmed with Friday's employment report. Look for rates to remain consistent until reports show otherwise. With rates continuing to hover near all-time lows though, lock in a great rate.
 
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