mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst, Bankrate.com
More evidence of respectable job growth in Friday's employment report will keep pushing rates higher, barring a European contagion.
Holden LewisHolden Lewis
Mortgage editor, Bankrate.com
Investors (including the Fed) have an appetite for U.S. Treasuries, but less so for mortgage bonds. Mortgage rates might rise even as Treasury yields fall.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
As I write this, it seems the risk trade is back on with the stock market up over 2 percent and bonds selling off, resulting in higher yields. For now, positive manufacturing news from China and stronger employment data in the U.S. are trumping the sovereign debt crisis in Europe. This trend may continue over the next week and because of it, I expect mortgage rates to rise.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
Mortgage bonds are in a free fall and as such, we've seen interest rates edging up. Improving consumer confidence and employment data, in addition to a stabilizing international stage, have begun to eliminate bonds (where mortgages are priced from) as the necessary safe haven during uncertain economic times.
Steven LevittSteven Levitt
Vice president of mortgage lending, Guaranteed Rate, Chicago
With the labor numbers to show better-than-expected forecasted numbers along with an increase in production numbers overseas, we will continue to see rates rise in the next week.
Bob MoultonBob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates are on the rise.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
While I believe there is room for rates to improve from present levels, current investor sentiment is to push rates higher. Nonfarm payroll and unemployment numbers are the next big number that investors will be watching following an improved picture from ADP.
If you are looking to refinance and capture a great rate, do not wait. The potential for lower home values from appraisals and higher rates are not a favorable combination for unlocking your money from higher rates.
 
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