Will rates go up, down or remain unchanged?

 
Panel Prediction
Up Down Unchanged
55% 18% 27%
 

Will rates rise or remain relatively unchanged? Experts and Bankrate analysts predict where mortgage rates are headed over the next week.

This week (Dec. 30, 2010-Jan. 5, 2011), 55 percent of the panelists believe mortgage rates will rise over the next week or so; 18 percent think rates will fall; and 27 percent believe rates will remain relatively unchanged (plus or minus 2 basis points).

Click on the three tabs above to read the comments and rate predictions of mortgage experts and Bankrate analysts.

Bankrate.com surveys experts in the banking and mortgage fields to see if they believe certificate of deposit and mortgage rates will rise, fall or remain relatively unchanged. For the deposit index, the panel comprises banks, thrifts and credit unions that directly offer FDIC-insured certificates of deposit to the end consumer. For the mortgage index, the panel comprises mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers. Results from Bankrate.com’s CD Rate Trend Index will be released monthly. Results from Bankrate.com’s Mortgage Rate Trend Index will be released each Thursday.

 
 

Will rates go up, down or remain unchanged?

Derek Egeberg

Derek Egeberg

Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
We have seen continued deterioration in mortgage bonds due to further economic concerns. If you are purchasing, lock in your rates now.
Dan Green

Dan Green

Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Rising mortgage rates and rising gas prices. It’s like peanut butter and chocolate.
Barry Habib

Barry Habib

CEO, Mortgage Market Guide, Holmdel, N.J.
Higher rates ahead.
Bob Moulton

Bob Moulton

President, Americana Mortgage Group, Manhasset, N.Y.
Rates are on the rise!
Brian Peart

Brian Peart

President, Nexus Financial, Atlanta
Up.
Bob Walters

Bob Walters

Chief economist, Quicken Loans-Rock Financial, Livonia, Mich.
Up.
 
 

Will rates go up, down or remain unchanged?

Michael Becker

Michael Becker

Mortgage banker, Happy Mortgage, Lutherville, Md.
Treasury auctions combined with a general lack of liquidity in the bond markets this week have caused Treasury yields and mortgage rates to climb a little. When most bond traders return to work next week, I expect them to buy benchmark Treasuries, which should lead to lower mortgage rates.
Dick Lepre

Dick Lepre

Senior loan officer, RPM Mortgage, San Francisco
The fundamentals are mixed, but there is a bullish tech (higher prices, lower yields) operating for perhaps another week. Any decrease in rates will be minimal as the bullish daily tech is opposed by bearish weekly and monthly techs and will have its benefit minimized. The longer-term forecast is still for higher rates.
 
 

Will rates go up, down or remain unchanged?

Holden Lewis

Holden Lewis

Mortgage editor, Bankrate.com
Mortgage brokers keep talking about volatility in rates, but I don’t see much volatility in bond yields. I expect rates to remain relatively steady during the holiday week.
Kevin Breeland

Kevin Breeland

General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
With a holiday short week, I expect rates to remain unchanged.
Jim Sahnger

Jim Sahnger

Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Short term, expect continued volatility, which could push rates higher on a day-to-day basis. But overall, rates should remain close to where they are.
 

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