Holden LewisMortgage editor, Bankrate.comWhen rates rise this quickly, they usually overshoot, then fall back. Counterargument: When rates rise steadily, every day for more than a week, then maybe they'll continue.
Jim SahngerMortgage consultant, Palm Beach Financial Network, Stuart, Fla.Rates have been beaten up badly, dating back to early November. The cost to get the same rate in effect on Nov. 4 is nearly 6 points right now. Pressure to push rates higher should wane, and we should get a little relief. However, that said, bond investors are nervous. Locking is still prudent.
Tommy XintarisSenior mortgage consultant, HoustonAs the economy is slowly starting to move in the right direction, mortgage rates are now going in the wrong direction. We have seen eight straight days of steep sell-offs resulting in higher rates for consumers, and I think in the upcoming week we may see MBS securities rebound from a horrible run in the red.