mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The daily and weekly techs are both bearish (higher prices, lower yields) and may provide slightly lower mortgage rates in this week. But the techs could be easily overwhelmed by first quarter 2011 GDP on April 28. Consensus for GDP is about 2 percent, so anything close to the previous of 3.1 percent could cause Treasury selling.
 
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