Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Holden LewisHolden Lewis
Senior reporter,
It's hard to believe that mortgage rates have stayed this low for this long. Even though I'm predicting here that they'll remain relatively unchanged, I believe now is a good time to lock. Rates will rise; it's a matter of when, not if.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
The nonfarm payroll report on Friday could be a market mover if it either exceeds or is worse than the expectation of 500,000 jobs being added. Mortgage rates have risen a bit since last week's lows, but are still very attractive. If I had a loan in process, I would lock before Friday's report. Having said that, even if rates spike after Friday's jobs report, I think all of the uncertainty in the world will put a cap on mortgage rates. I see rates holding steady in the coming week.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Who would have thought that two months after the Federal Reserve left the mortgage-backed securities market, we would be looking at rates lower than the end of March. But we are. With uncertainty in Europe and the Gulf of Mexico oil spill that could contribute to some increase in oil prices, I believe that at least for the next week, the "flight to quality" will continue. So for the next seven days, I see rates unchanged.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
Rates should continue to remain steady at or near all-time record low rates. A stock market that continues to struggle and troubles in Europe are benefiting bonds in the near term, which keeps mortgage rates low. Even if you have a fairly attractive interest rate now, it is a great time to strategically refinance for a term reduction, often at little or no change to monthly payment, but with dramatic long-term savings. See your local mortgage professional today to find out how you can take advantage of "Christmas in June."
Jeff LazersonJeff Lazerson
President, Mortgage Grader, Laguna Niguel, Calif.
As a loan officer, I must be careful what I wish for. The first quarter of 2010, all I wanted were lower rates to help to stimulate more business. Now, new business is just overwhelming. If rates go up just a little, I actually may be able to go home to my wife and children before midnight. This is the best challenge I've had in a long time -- there are not enough hours in the day to help homebuyers and refinancers and spend time with my home team.
Steven LevittSteve Levitt
Vice president of mortgage lending, Guaranteed Rate, Chicago
Too much going on with the oil spill, Korea and Mideast to keep investors skittish, which will offset any good news. So, rates will remain relatively unchanged for the next week.
Mitch OhlbaumMitch Ohlbaum
Loan officer, Bank of America, Los Angeles
It looks like we have hit bottom on rates and probably Treasuries. The market is just not willing to offer lower rates (mortgages) even as Treasuries go lower. The banks will continue to increase margins to make up for other losses and a shrinking mortgage market.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
With the global economic rebound stalling, so will mortgage rates. ... at least for now.

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Mortgage rates in Los Angeles

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in Los Angeles.  ... Read more


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