Mortgage Rate Trend Index
Will rates go up, down or remain unchanged?
Michael BeckerMortgage banker, Happy Mortgage, Lutherville, Md.
Given the recent drop in mortgage rates and the lack of potentially market-moving economic reports over the coming week, I don't see much movement in rates. Mortgage rates will be unchanged in the coming week.
Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
I have been surprised with the path rates have taken. I still believe our economic issue and inflation fears haven't gone away -- just seem to be ignored for now. I expect rates not to change over the next seven days.
David KuiperMortgage planner, First Place Bank, Holland, Mich.
I'd expect for rates to remain relatively flat this coming week. We've seen a nice rebound, with rates dropping 0.375 percent to 0.5 percent in recent weeks. However, bonds have been unable to break through their present levels (and are at the best levels of 2011). With no major economic data pending that would cause rates to move in either direction, I would advocate taking advantage of the tremendous opportunity that we have with rates where they are today. Consult your local mortgage professional to see how you can take advantage of this gift.
Bob MoultonPresident, Americana Mortgage Group, Manhasset, N.Y.
Rates are flat.
Joe NunziataChairman and co-CEO, FBC Mortgage, Orlando, Fla.
We believe mortgages rates will continue in their sideways pattern, with a slight bias upward this week as the market watches the U.S. Treasury auction results on Tuesday, Wednesday and Thursday of this week.
Jim SahngerMortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Rates should remain relatively flat. Rates have been great and people are taking advantage of them. Lock sooner rather than later though as day-to-day volatility continues to remain high.