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Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
After seeing mortgage rates fall in the last week, I expect positive earning reports to buoy the stock market and bonds to sell off a bit. This will result in slightly higher mortgage rates in the coming week.
Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
Bonds continue to be pressured higher. Use this opportunity to lock interest rates for home purchases.
Cameron FindlayCameron Findlay
Chief economist, LendingTree.com, Charlotte, N.C.
Look for higher rates this week, despite last week's declines. Primary mortgage market spreads have compressed substantially over the past few months, so any changes in the Treasury market will be felt in mortgage rates (as opposed to being absorbed, like they have been for many months).
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Rates are likely to rise in the coming week.
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.65% 3.65%
15 yr fixed mtg
2.80% 2.78%
5/1 ARM
2.59% 2.60%
30 yr fixed mtg refi
3.64% 3.63%
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