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Mortgage Rate Trend Index

 

Will rates go up, down or remain unchanged?

Holden LewisHolden Lewis
Senior reporter, Bankrate.com
The terrible report on July home sales was followed by a dip in rates that I believe will be temporary.
Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
The market is again starting to shift to higher. Buyers and refinance candidates would be well-served to lock now.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
Volatility will continue. However, it won't be in the consumer's favor.
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.60% 3.52%
15 yr fixed mtg
2.74% 2.71%
5/1 ARM
2.54% 2.57%
30 yr fixed mtg refi
3.58% 3.50%
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At the start of the traditional buying season, housing news is mixed.
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