Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Improvement in the U.S. employment picture is being offset by concerns of higher oil prices and the resurgence of the European sovereign debt crisis. These concerns keep Treasury yields and mortgage rates from rising. Mortgage rates will be unchanged in the coming week.
Cameron FindlayCameron Findlay
Chief economist,, Charlotte, N.C.
Despite a bias toward rising rates and lingering issues in overseas debt markets, the U.S. debt market remains a safe haven. As a result, we've seen a debt rally and hence lower yields that have translated into lower rates. Rates have declined by 0.15 percent since Valentine's Day. Now the focus is on March 18, given impending government budget discussions and a looming April 1 implementation of new loan officer licensing rules.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
While there is a little bit of intraday movement in the bond market, bonds seem unable to break out of a very narrow trading range. Negative economic data and international unrest (usually help rates improve) are being tempered by hints of inflation and an improving employment picture (usually causes rates to increase). With the pressure continuing to build for rates to increase, now is an ideal time to lock in and take advantage of very attractive rates today. While we don't know when rates will rise, we know it will happen, and when it does it will be sudden and severe. Consult with your local mortgage professional to see what you can do today.
Rebecca R. MadejRebecca R. Madej
Mortgage consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.
The short-term trading trend is within a small range, so until we get further direction for economic reports or the unrest in the Middle East heats up, rates should hold steady.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Continued volatility on a day-to-day basis with lots of news and "noise" that can impact rates. While I think that rates will stay rangebound, now is not a time to gamble. Lock early in the application process and take risk off the table with your mortgage payment.

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Mortgage rates in Los Angeles

See this week's average rates for the 30-year fixed-rate mortgage, 15-year fixed-rate mortgage, 5/1 ARM and 30-year jumbo mortgage in Los Angeles.  ... Read more


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