Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst,
Fear continues as the driving force, keeping mortgage rates at record lows.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
I believe the flight to quality is starting to slow down and the European stress tests are proving to provide a better outlook on the European front. Therefore, I expect rates to remain unchanged for one more week.
Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
The summer purchase season is under way in full swing. Refinance applications are up in numbers. See this as the glass is half full and take advantage of rates where they are. The increased demand moving forward may pressure rates to jump as they did last summer. Realize this is an amazing time for rates.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
I know I'm starting to sound like a stuck record (remember those?!), and maybe have erred on the side of caution, as interest rates have actually improved slightly. A struggling economy and economic challenges in Europe are allowing the wonderful gift of all-time low mortgage rates. If you have a rate over 5.5 percent on your current loan, talk with a mortgage professional. Getting a lower monthly payment is the typical reason to refinance, but you can achieve long-term savings by shortening the loan term for little if any change to your monthly payment. It is also an incredible time to finance a purchase or new construction. Seize the day!
Jeff LazersonJeff Lazerson
President, Mortgage Grader, Laguna Niguel, Calif.
Banks will not lower rates anymore, regardless of the bond market. The closer rates are to zero, the less profit margin banksters make. Banksters are always focused on profiting at the consumer's expense. They don't want to be giving out money for 30 years at 4 percent today when they know they can loan out at 5 percent or 6 percent a year from now.
Mitch OhlbaumMitch Ohlbaum
Loan officer, Bank of America, Los Angeles
The 10-year Treasury is trading at 2.93 percent and seems to be holding below the key level of 3 percent. If we stay below that key level, we should see an even further decline in rates. That does have to be balanced against the increasing spreads the banks are collecting to increase earnings and make up for other losses. The inflation component is also down. The lackluster jobs reports will continue to weigh on rates as well. Short story: Not much news to increase rates anytime soon.
Chris SipeChris Sipe
Senior loan officer, Embrace Home Loans, Frederick, Md.
Rates have seemed to establish fairly reliable levels of support and resistance, which means rates should remain stable and unchanged in the near term. This is good news for those house hunters who have yet to find the perfect home. However, for anyone looking to refinance, there is little reason to expect rates to go lower. Risk still outweighs reward at these levels.

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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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