mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst, Bankrate.com
Middle East tensions and an overdue breather for the stock market are helping to bring mortgage rates back down. With oil prices still climbing, the dust has yet to settle.
Holden LewisHolden Lewis
Mortgage editor, Bankrate.com
Rising fuel prices threaten to smother a weak recovery.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Unrest in the Middle East, Gadhafi says no surrender, protesters deserve death, oil now almost $92 per barrel. You have to like the chances of mortgage rates coming down for at least the next week.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Middle East unrest trumps inflation this week. And that's saying something.
Chris KarageorgeChris Karageorge
Senior home loan adviser, Universal American Mortgage Company, Wayzata, Minn.
Unrest in the Middle East leads to a flight to safety toward U.S. bonds. Higher demand = lower rates. On the other hand, consumer confidence is at its highest level in three years, which could lead to stock gains and higher rates. But so far, flight to safety is winning.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
Continued unrest in the Middle East and a weak domestic economy have rates improving slightly. Ordinarily, the flight to the safety of bonds would have been much greater, and we would see interest rates drop even more, but with fears of inflation in the back of everyone's minds, we've seen the improvement tempered. With this in mind, I believe it is prudent to lock in and secure the small gains we're experiencing. Contact your local mortgage professional today to see how you can take advantage of purchasing, building or refinancing at today's low interest rates.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The daily and weekly 30-year Treasury bond techs are both bullish (higher prices, lower yields). The weekly is bullish for the first time since Aug. 27. The turn in the weekly tech coincided nicely with the flight to quality created by the significant uncertainty in Africa and the Middle East. We should see lower mortgage rates for another week.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
The 10-year is trading at 3.44 percent, which is well below the high just a few weeks ago. The spreading unrest in Africa and the Middle East will keep both oil and the equity markets unstable for some time. As we know, bad news in the world causes a shift to the safety of Treasuries with an end result of lower rates, which we are already seeing. I expect this trend to continue for at least a few weeks and maybe longer. While home sales are showing an increase, we are still seeing declines in prices making the housing market more uncertain in the coming months. As always, job growth is the key.
 
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