mortgage

Mortgage Rate Trend Index

 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst, Bankrate.com
A poor jobs report Friday will lead to clamoring for more Federal Reserve action and result in even lower interest rates. But job growth expectations are set really low, so beware an upside surprise that results in higher rates.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
As I have stated earlier, I never thought rates would get this low. However, there is still a flight to quality, (and) no apparent inflation on the horizon. The Federal Reserve does not seem concerned with deflation and there are no real signs of job recovery. You also have election-season politics involved. So, I predict rates will continue on a very slow downward trend.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
It appears that the bad news will continue for the rest of this year. Consumer spending and confidence will keep growth at a minimum and in turn keep hiring down and unemployment up. While I expect rates to go down, don't expect much as we are already at historically low rates for all types of loans.
 
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