mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Derek EgebergDerek Egeberg
Certified mortgage planning specialist and branch manager, Academy Mortgage, Yuma, Ariz.
Bonds have reached a technical point of resistance and are continuing to push rates higher. See this as an opportunity to lock in rates at the best levels of 2011.
Rebecca R. MadejRebecca R. Madej
Mortgage consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.
With rates bouncing along near or at the bottom and national debt concerns, it's likely they'll increase.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
Expect rates to bounce up just slightly as money moves from bonds back to equities. Both the nominal and inflation rates have gone down considerably from even a month ago. While the economy continues to find a foothold in this rocky recovery, rates will remain low for some time. Jobs as we all know are the key to securing the recovery.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Rates have had a nice run since mid-April. Look for rates to pop up a bit from here.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Rates are very likely to increase in the coming week.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
MBS markets are trending into oversold positions and if jobless claims come in lower as expected tomorrow morning, there is a good chance mortgage rates will increase. If you are floating and expected to close in the next week, I would recommend locking in prior to tomorrow.
 
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