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Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
The jump in mortgage rates since the announcement of the latest quantitative easing has seemingly played out. Given the still-fragile state of the economy and the emergence of more sovereign debt crises, I expect Treasury bonds and mortgage-backed securities to rally a bit, giving us slightly lower rates in the coming week.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Inflation concerns take a back seat to geopolitical and economic tension.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The daily tech upcrossed to bullish Nov. 22. The shorter-term techs are oversold, and this is a week with trading thinned by the Thanksgiving holiday. But we should see recovery (higher prices, lower yields) for Treasuries next week and a dip in mortgage rates.
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
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