mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Last week, I stated rates would be lower and the election results would give us that drop. It did happen, but not for very long -- and we are now back in the business of realizing exactly what the task at hand looks like. My experience tells me we hit bottom, and now you should expect rates to move higher.
Cameron FindlayCameron Findlay
Chief economist, LendingTree.com, Charlotte, N.C.
The market hinged on the release of the two key data points last week: the unemployment and the FOMC release, and confirming the quantitative easing stance by the Fed since first suggested by Bill Dudley back on Oct. 1. With both of those key influences out of the way, it's back to technical trading driving the market. Current Coupon trading would confirm this, showing a rise of around 0.3 percent since Nov. 4.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Here come the inflation hawks. Mortgage rates rise.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
We've already seen rates creep up slightly in the week since the Fed announced QE2, as fears of inflation are beginning to hit investors. Remember, everything the Fed is trying to do -- stimulate employment, boost the stock market and encourage spending -- eventually leads to inflation. Inflation is the archenemy of bonds, where mortgage interest rate pricing comes from. While we are no longer at all-time, record-low interest rates, they are still incredible from a historical perspective, and this is the time to take advantage of them. Consult your local mortgage professional today to see how you can do so.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Rates will likely increase in the coming week.
 
advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Holden Lewis

Why not have loan inspectors?

I have an idea: Let's set up a network of mortgage inspectors.  ... Read more

advertisement
Partner Center
advertisement

Connect with us