mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, senior financial analyst, Bankrate.com
The jobs report will dictate the direction of mortgage rates over the next week. Better news on jobs will bring about a slight uptick in mortgage rates.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Further unrest and now some inflation news (oil at $101 per barrel as of this writing) will put pressure on rates. I would expect rates to increase slightly next week.
Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
We have already seen rates increase over 1 percent from the lows in the middle of last year. The trend is continuing higher based on global market news and inflation concerns.
Cameron FindlayCameron Findlay
Chief economist, LendingTree.com, Charlotte, N.C.
Clarification on what constitutes a qualified residential mortgage (QRM) is expected this week. Sources suggest that the new rules will further tighten lending standards, specifically loan-to-value maximums and minimum down payment requirements. It's clear that the long-term implications are for higher rates. Short term, expect extreme variances as the markets anticipate the negative implications the QRM definition has for home prices.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Middle East settles. Inflation doesn't. Mortgage rates higher.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Rates are likely to increase in the coming week.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
This past week, mortgage bonds hit a key level of resistance after investors took a safe approach due to the civil unrest overseas. This week, however, all eyes are going to be on Thursday's jobless claims report and Friday's employment situation, and I'm forecasting mortgage rates to inch a couple of ticks higher.
 
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