Mortgage Rate Trend Index

Will rates go up, down or remain unchanged?
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No ChangeThe techs are more or less bullish (higher prices, lower yields) but very volatile and dominated by the exogenous and capricious perception regarding the Greek debt, euro, blah, blah, blah. While the short-term call here is for flat Treasuries and mortgage rates, it is important to note that the same fiscal irresponsibility Greece practiced is happening in the U.S. as we accumulate masses of public debt and unfunded entitlements. These, combined with aggressive monetary policy, are likely to send Treasury and mortgage rates up in the coming months and years, providing ample reason for folks to bail out of ARMs.

Dick Lepre, senior loan officer, RPM Mortgage, San Francisco

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.


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