Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Economic data continues to show a weakening economy. This Friday, the nonfarm payroll report comes out. Given how high the jobless claims numbers have been recently, I expect another weak report with more job losses.
I'm not sure if we're heading for a double-dip recession, or even if the recession ever ended in the first place. But I am sure that continued economic weakness will keep mortgage rates low well into the fall. For the coming week, I think rates stay at their current low levels.
Dan GreenDan Green
Waterstone Mortgage, author of, Cincinnati
Rates reach resistance this week. It's a good time to lock.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
A continuing weak employment outlook and struggling stock market have interest rates holding at their all-time low levels currently. These are interest rates that have never been seen before in the history of our country, and it is an exciting time to be taking advantage of them.
Many homeowners are unaware of the powerful impact that low interest rates can have on their financial future. When we are in uncharted territory, we don't want to get complacent and think that low rates are here forever -- they'll be on the upswing at the first hint of economic recovery.
Jeff LazersonJeff Lazerson
President, Mortgage Grader, Laguna Niguel, Calif.
HUD should actually be congratulated as it got it right regarding closing costs. Bankrate's recent and well-publicized survey indicating that closing costs are higher under the 2010 good faith estimate is a result of the fact that lenders will (be) held accountable for lowballing and (the) bait and switch. It's not because the HUD has come out with a bad rule. I never thought I'd hear myself saying that the government did something right, but it did!
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
Economic fundamentals show signs that we may be entering a period of prolonged, very flat GDP. With neither fiscal nor monetary policy able to do anything, we seem to be parked until the consumer starts feeling better again. Annoyingly, this flight to Treasuries has not resulted in lower mortgage rates. We need Treasury yields to stop moving so investors can reassess the value of mortgages.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
All eyes will be on non-farm payrolls and people want to see something good to indicate things are getting better. If people see optimism, rates will pop. I'm not anticipating exceptional numbers, but overall, people don't need a lot of reasons to sell mortgage-backed securities right now.
The risk remains of seeing rates rise, so if you are thinking about refinancing, don't wait. Set yourself up to cover your holiday money by moving now. Act now, not later, and be thankful.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
With piles of economic reports being deciphered by the markets this upcoming week, I expect rates to remain unchanged. There have been some wild day-to-day swings of late. However, on a weekly basis, rates are holding steady for the most part and I anticipate that to continue going into the week.

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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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