mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst, Bankrate.com
The economy is picking up and the Fed continues to whistle past the inflation graveyard, so don't count on a sharp pullback in mortgage rates. Any surprises from the CPI will push rates higher.
Holden LewisHolden Lewis
Mortgage editor, Bankrate.com
Rates went way up, then fell a bit this week, and should stay in equilibrium for a few days.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
After two straight weeks of seeing mortgage interest rates rising, we had a nice rebound over the last week, and saw some recovery. Rates always move lower more slowly than they rise. With the technical signals looking favorable, being balanced out with some slightly positive economic data being released, I think we'll see rates remain in the range they are currently in. I believe the prudent thing at this time would be to lock in, as interest rates are still extremely attractive.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
Stop me if I am boring you, but the techs say that we still have a bit more ground to lose (lower prices, higher yields) before the weekly tech turns bullish. The worst is over for now, but the long-term picture for rates for the near future is ugly. In plain English, sometime in the next week or two, we should see rates fall somewhat for a month to six weeks.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Lots of economic numbers ahead could prompt a marked move up or down. I expect though that overall, we should remain relatively range-bound over the course of the next week.
Rates currently remain attractive, though, and are subject to greater risk to go higher right now than to go down. Lock early in the application process.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Rates should remain steady in the coming week.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
Mortgage rates bounced back as expected this upcoming week, but not by much. Due to the extreme volatility in the mortgage markets, I would recommend taking a safe stance and locking if you have to here in the next week as we approach a key level of resistance.
 
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