Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The present state of Treasuries is a serious overreaction to QE and is a bet on the fact that we are about to have inflation well above recent levels. Producer Price Index was above expectation, but Consumer Price Index was well-contained. Markets are driven by more uncertainty than usual. It is hard to form an idea of what will happen with the economy and harder still to fathom what others will do. We are at a point where we have seen a very substantial increase in Treasury yields and mortgage rates driven by the notion that inflation is about to happen. This selloff has broken through all technical support levels, and what we will need is continued containment of inflation to knock yields down again.

Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Greg McBride

Greg McBride: Lay down ARMs?

Don't rule out adjustable-rate mortgages as interest rates rise.  ... Read more

Partner Center

Connect with us