Holden LewisMortgage editor, Bankrate.com
When mortgage rates move up or down in big steps, they usually overshoot. That's why I believe this jump in mortgage rates will be followed by a small step back. This analysis lacks sophistication, but I believe it'll prove accurate.
Tommy XintarisSenior mortgage consultant, Houston
"SELL, SELL, SELL" have been the "words of the day" here in the past week while mortgage rates have risen substantially. If you blinked at the wrong time, you most likely missed out on locking in a lower rate or at least stopping the bleeding. In the upcoming week, I see mortgage markets buying back some of the losses. However, you would be advised to lock in sooner than later in this uncertain environment.