Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Holden LewisHolden Lewis
Senior reporter,
I'm on the fence. Rates very well could fall further. But they're so low already, they don't have much room to fall even more.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
The Federal Reserve continues to state that neither inflation nor deflation is an issue and that while the recovery will be slow, we're no longer in a recession. The Fed says it will hold interest rates down for an "extended period." Flight to quality is taking place, but we are seeing more movement in the markets due primarily to profit taking. This action does not seem to have a negative effect on the markets.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
Mortgage rates continue to trade in a very narrow range near all-time record lows. Continued economic uncertainty and the prospect of additional Federal Reserve moves to stimulate the economy have market participants pretty much just biding their time. Check with your local mortgage professional today to see how you can take advantage of this historic opportunity.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
The 10-year Treasury has been trading around 2.42 percent, and it is unlikely it will go much lower. With that, we have seen mortgage rates hit new lows in the last few weeks -- on one recent day, the 30-year fixed was as low as 3.875 percent. With the tremendous volume lenders are seeing right now, there is no incentive for them or the Federal Reserve to do anything to lower them any further. Enjoy the low rates for now!
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
I don't expect significant change from this week to next overall. That said, day-to-day volatility can be rocky.
Chris SipeChris Sipe
Senior loan officer, Embrace Home Loans, Frederick, Md.
Let me get out my "Magic 8 Ball." That is how it has felt for a while regarding the direction of rates. Until the market gains a long-term direction from the Federal Reserve's quantitative easing plans next month, I see rates remaining relatively unchanged.

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