Mortgage Rate Trend Index

Will rates go up, down or remain unchanged?
2 of 15
No ChangeAt the beginning of this year, many "experts" were predicting that mortgage rates would rise dramatically over the course of the year. One economist predicted 30-year mortgage rates of 7.5 percent to 8 percent by the end of 2010. As I said at the beginning of the year, I just don't see that happening. There is just too much debt in the world today and that debt has to be paid down or defaulted. This reduction in debt or credit is deflationary and that will keep interest rates, including mortgage rates, from rising. Given how much mortgage rates have fallen the last couple of weeks, I don't see them falling further. Mortgage rates stay at their low level over the coming week.

Michael Becker, mortgage banker, Happy Mortgage, Lutherville, Md.

About the Rate Trend Index surveys 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's CD Rate Trend Index will be released monthly. Results from's Mortgage Rate Trend Index will be released each Thursday.


Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Holden Lewis

Wage gains deliver mixed news

Higher mortgage rates are coming, maybe soon. That's what the January employment report implies.  ... Read more

Partner Center

Connect with us