Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
Remember the old limbo chant of "how low can you go?" Buyers and borrowers should remember that in that dance, there was always a point in which you physically couldn't go any lower -- and see this as one of those moments for mortgage rates.
Jeff LazersonJeff Lazerson
President, Mortgage Grader, Laguna Niguel, Calif.
The Beltway leadership will start to announce more tax payer bailout programs to both stop the home price slide and provide round 2 of the bankster bailout. The best solution is to go back to commonsense underwriting, but that's not in the cards these days.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
On Aug. 10, the Federal Reserve announced it would reinvest the principal payment proceeds from payoffs of their mortgage portfolio into long-term Treasury debt. That should drive Treasury yields down. Presumably, this will help mortgage rates.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
While few thought rates could have improved after several consecutive weeks of new weekly record low rates, they did continue to improve. Following last week's poor employment report and this week's comments from the Federal Reserve, rates should not be going higher.

However, pipelines at lenders are increasing and demand is slowing the processing time. Look for lenders that are at capacity to use higher rates to slow demand. However, following Tuesday's commentary by the Fed, rates popped to their best level ever (again) -- if the lender will let you take advantage of it.

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