Michael BeckerMortgage banker, Happy Mortgage, Lutherville, Md.
The first few days of the second round of quantitative easing haven't gone as many people in the mortgage industry had expected. Treasury yields and mortgage rates have spiked in recent days. Perhaps this is because of rising inflation expectations. Given the recent PPI and CPI reports that show little or no inflation, I expect those inflation expectations to subside. Because of this, I see mortgage rates falling in the coming week.
Dan GreenWaterstone Mortgage, author of TheMortgageReports.com, Cincinnati
The PIIGS components (Portugal, Ireland, Italy, Greece, Spain) are pushing investors back to mortgage bonds. Mortgage rates ease.