mortgage

Mortgage Rate Trend Index

 

Will rates go up, down or remain unchanged?

Holden LewisHolden Lewis
Senior reporter, Bankrate.com
I'm saying rates will rise solely because they're at or near a record low. History says rates tend to bounce off of record lows. But Henry Ford, who was smarter and richer than me, said history is bunk. So my "up" vote is cast with little conviction that I'm right.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
The stock market rally of last week seems to have ended and the flight-to-safety trade seems to be back. Treasury yields and mortgage rates are dropping again. When the rates come out, we may be looking at a record low in the Bankrate 30-year-mortgage survey. Given how low rates are now, I can't see them falling further. I expect them to rise in the coming week, but only by a little. I think we will see sub-5 percent rates for the rest of summer.
Barry HabibBarry Habib
CEO, Mortgage Market Guide, Holmdel, N.J.
(There will be) higher rates during auctions.
Steven LevittSteven Levitt
Vice president of mortgage lending, Guaranteed Rate, Chicago
We have seen bonds rally on the 4 percent coupon and will see a sell-off in the next week, causing rates to go slightly higher. However, we are still looking at historical low rates, and locking in now is in your best interest.
 
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Product Rate Change Last week
30 year fixed 4.29%  0.01 4.30%
15 year fixed 3.23%  0.06 3.29%
5/1 ARM 3.33%  0.12 3.45%
 
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