Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst,
Mortgage rates have gone nowhere since mid-December -- and the Fed would like to keep it that way.
Holden LewisHolden Lewis
Mortgage editor,
Mortgage rates have been so steady that I perceive a thumb on the scale. The Fed is doing a remarkable job of holding mortgage rates right where the Fed wants 'em.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Mortgage rates continue to be kept in a tight range. I expect that to continue in the coming week. This may change after the nonfarm payroll report comes out Friday, Feb. 4. If you have a chance to lock prior to that report, I would recommend doing that. For the coming week, rates hold steady.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Most economic reports (show) some improvement, but the "recovery" continues to be a jobless recovery. Not all corporate earnings are hitting or exceeding expectation. QE2 is still underway with the Fed itself divided regarding how much this will really help. When looking at these factors I believe the next seven days rates, while still volatile, will remain the same.
Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
A round of worse-than-expected job reports has kept rates in check. Use this time to lock in your purchase or refinance rates.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
Mortgage interest rates continue to trade in a very narrow range ... seesawing back and forth based on the economic news released on any given day. Rates improve slightly when there's negative news (challenges economically or internationally, unemployment, etc.) and worsen when there is good news (tax cuts, improving stock market, etc.). While we don't see rates returning to the lows experienced last fall, it is still an incredible time to take advantage of them as you look to build, buy or refinance a home.
Bob MoultonBob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates are flat.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
I don't expect a lot of change in mortgage rates over the next week on a week-to-week basis. Day to day and hour to hour can be a different story, though, as rates have been in a range of approximately 0.375 percent from top to bottom in the last few weeks.
Best advice is to lock early in the application process and when you really do not want the potential for a higher rate than the one you are offered.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
I believe rates will remain steady in the coming week.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
While equity markets have been performing really well as of late, mortgage markets have been in a bearish pattern but have eased up and are currently static. In the upcoming week I do not see anything that would cause any major concerns, so mortgage rates should remain unchanged in the short term.
Jeff TuffordJeff Tufford
Mortgage consultant, Monarch Consulting, Grand Blanc, Mich.
Rates should hold steady once again.

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