Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Despite continued economic weakness, I'm not sure mortgage rates can drop much further. I think we are fast approaching the floor in mortgage rates. Given how low the rates have become, I think it's a safe bet that mortgage rates rise a little bit in the coming week.
Cameron FindlayCameron Findlay
Chief economist,, Charlotte, N.C.
I view this very simply from an investor standpoint ... which would say investing in mortgage-backed securities versus other alternative debt instruments (even riskier assets like high-yield corporate debt) is not there. If strength for MBS pulls back, I expect it to be quick, resulting in shocks to current rates and driving them higher. The only thing supporting current levels is lack of other viable alternatives, not the idea that MBS imply any value for investors.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The Treasury technicals are showing the daily tech about to turn bearish (lower prices, higher yields and mortgage rates) and this cycle will likely also cause the weekly tech to turn bearish. This implies we will see higher Treasury yields and mortgage rates for eight to 12 weeks. Rates will likely increase by no more than 0.25 percent from last week's bottom. Note that in the longer term, the monthly tech is bullish, which indicates the potential of even lower yields and rates later this year.

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Claes Bell

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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