Holden LewisSenior reporter, Bankrate.com
Rates have been volatile recently -- starting and ending the day around the same spot, but moving around during the day. I expect the same for the next week, writ large.
Michael BeckerMortgage banker, Happy Mortgage, Lutherville, Md.
Mortgage rates have been holding relatively steady over the past few weeks. Concern over continued economic weakness is helping to keep rates down. I think this pattern will continue. Mortgage rates hold at their current low levels.
Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
After many weeks of rates continuing to fall to historic levels, it is my belief we are at bottom. I expect rates to remain unchanged this week.
David KuiperMortgage planner, First Place Bank, Holland, Mich.
Interest rates continue to be at all-time record-low levels. However, over the last week, rates have seen more intra-day volatility, with pricing changes occurring midday. I think we'll continue to see more intra-day volatility, but with rates remaining in a very narrow range. Most of the economic news being released continues to be negative, which helps keep rates low. If you've not yet explored options for refinancing, buying or building, now is the time to do so.
Jeff LazersonPresident, Mortgage Grader, Laguna Niguel, Calif.
Opportunities to purchase and refinance abound, yet too many folks think they can't qualify. So, they just don't try. They will be sorry when these 4 percent rates are much higher in the coming years.
Dick LepreSenior loan officer, RPM Mortgage, San Francisco
I am going with "flat" this week because the techs say bearish, but the fundamentals remain weak. Folks are starting to recognize that GDP may well decline in the current quarter and no one seems to know what to make of things. This is not a picture of a healthy economy. This may indicate low mortgage rates for an extended period, but nothing seems certain at present.
Mitch OhlbaumLoan officer, Bank of America, Los Angeles
The 10-year Treasury remains below the critical 3 percent mark and rates have fallen in the last few weeks. There is little incentive for rates to go much lower even in the face of declining inflation. The Federal Reserve's stance is wait and see, and I think bonds and rates will do much of the same -- wait and see. We have a very wobbly recovery at hand and everyone is very cautious not to make the wrong move.
Jim SahngerMortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Economic uncertainty has kept rates in check and I see nothing happening over the next week to change where we are going overall. Day-to-day volatility can bring slight changes higher and lower but with rates this great, does it really matter?
Any risk that does exist is higher, though, so lock and move on.
Chris SipeSenior loan officer, Embrace Home Loans, Frederick, Md.
Recent economic information leads me to believe rates will continue to remain stable at these levels in the short term. However, as always, if you are planning on buying or refinancing, there is absolutely no reason to wait. Risks far outweigh the rewards at these levels.