Holden LewisMortgage editor, Bankrate.comMortgage rates are likely to be volatile in a short week. Week to week, I don't expect much change. But rates will go up and down during the day. Lock when you find a rate you're comfortable with, and don't look back.
Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.Volatility is still the name of the game. European worries regarding debt will be around for some time. There seems to be a growing trend for safe-haven investments, short term, followed by deal-purchasing in the stock markets. With this constant flow back and forward, rates will struggle to settle anywhere. Right now, the market keeps pushing on the 200-day moving average and it appears this trend will continue. I am taking the position rates will remain unchanged over a week, but it will come with a roller coaster ride as well.
David KuiperMortgage planner, First Place Bank, Holland, Mich.After seeing mortgage bond pricing fall off a cliff over the last couple of weeks, with interest rates increasing slightly, rates seem to be stabilizing in a very narrow range. With international financial and political crises coming to the forefront this week, we've gained back a little of what we lost as investor money flees to the safety of bonds. While rates are slightly above their record-low levels established earlier this fall, rates continue to be very favorable. Consult your local mortgage professional today to see how you can take advantage of this historic opportunity.
Jim SahngerMortgage consultant, Palm Beach Financial Network, Stuart, Fla.Rates popped up from earlier in the month and have recovered a bit. We will be waiting to hear what the "state of the consumer" is from weekend shopping and employers next week.
This is not a time to be bashful, though. Lock the great rates while you can and do some Black Friday shopping on your house payment and mortgage rate.