Greg McBrideCFA, Senior financial analyst, Bankrate.comStrong economic data and plenty of government red ink have bond yields and mortgage rates on an upswing, and not even the Fed can talk them lower.
Holden LewisMortgage editor, Bankrate.comThe Fed has succeeded in convincing investors that higher inflation is on the way.
Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.Inflation is in the news ... bond market seems to not like QE2 ... sales at the retail level seem to be heating up ... more concern regarding the deficit and the effect the renewal of the tax cuts will have on it ... all of this is not the best news for bonds. Rates are going to increase over the next seven days.
Derek EgebergCertified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.We have seen a huge increase in rates over the last 30 days. The Fed has attempted to artificially keep rates lower through the QE2 purchase of additional securities. Watch for rates to continue higher.
Dan GreenWaterstone Mortgage, author of TheMortgageReports.com, CincinnatiThe Fed is telegraphing inflation. Prepare for it.
Rebecca R. MadejMortgage consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.With selling momentum and year-end profit taking, rates will go up. The (Federal Open Market Committee) statement was status quo, so why should traders buy now?
Bob MoultonPresident, Americana Mortgage Group, Manhasset, N.Y.Rates are on the rise.
Jim SahngerMortgage consultant, Palm Beach Financial Network, Stuart, Fla.Unfortunately, short term, I think there is still some risk for rates to rise a bit from here. There is too much head wind right now to help bring rates aggressively back down.
John WalshPresident, Total Mortgage Services, Milford, Conn.I believe rates will increase in the coming week.