Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst,
If job growth meets expectations, mortgage rates will move higher.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
This week, the direction of mortgage rates will be dependent upon the nonfarm payroll report due this Friday. Strong job growth would push mortgage rates higher. Given the strong ADP employment report that was just released, I'm betting mortgage rates will rise in the coming week.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
As economic reports continue to come, there are signs -- although not through employment -- that production is picking up slowly, consumers are spending more money, gas prices continue to rise, and general confidence is starting to improve. What happens with this fear, whether real or mental, the fear of inflation looms. Rates will rise slowly now, but they will rise over the next seven days.
Cameron FindlayCameron Findlay
Chief economist,, Charlotte, N.C.
The tighter mortgage spreads (between Fannie Mae current coupon and 10-year Treasury yields), which have essentially been buffering mortgage rates from moving higher, will mean mortgage rates will be more highly correlated to the direction of Treasuries. Since Dec. 1, that's what has helped keep mortgage rates to borrowers relatively low despite the borrower rate increase of more than 0.3 percent in the same time frame. So while rates are slightly higher, they could in theory be a lot higher -- by an additional 0.2 percent relative to the changes we saw in 10-year debt.
Rebecca R. MadejRebecca R. Madej
Mortgage consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.
A smattering of positive economic reports will fuel hopefulness in a 2011 recovery. Investors will move from bonds to stocks, and rates will rise.
Bob MoultonBob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates are on the rise.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
The 10-year is currently at 3.44 percent and seems to remain stubbornly high with inflation expectations running in the 2.3 percent range. Even with unemployment still at 9.7 percent and no significant hiring on the horizon, the market believes that the worst is over and we are heading into positive territory for job growth and earnings. With this in mind, money is heading into equities, driving up stock prices and forcing yields on the Treasuries up despite what the Fed wants to see.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Rates could rise a bit in the short term.

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Mortgage rates in Los Angeles

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in Los Angeles.  ... Read more


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