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.
European debt worries will continue for some time. Although progress was made concerning Ireland, problems in Spain, Portugal and Italy still remain. Economic information has been a mixed bag. However, inflation does not appear to be taking a back seat for much longer. Again, while it will be a roller-coaster ride for one more week, I will continue with no changes for rates for the next seven days.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The technicals show a mixed picture. The daily stochastic is bullish but pattern-constrained. There seems to be technical resistance keeping the 10-year above 2.75 percent. Contagion fears regarding EU debt are about all that Treasuries have going for them.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
I believe rates will remain steady over the coming week.
 
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