mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Polyana da CostaPolyana da Costa
Mortgage reporter, Bankrate.com 
Signs of a weak economy are everywhere. Investors' concerns about Europe's lingering debt crisis are growing. I don't see how rates could go up next week, unless something unexpected happens.
Michael BeckerMichael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Recent economic reports have been painting a picture of a slowing economy. Pair that with continued concerns about the European sovereign debt crisis and you have a recipe for lower rates. Mortgage rates drop in the coming week.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Until there's good reason for rates to rise, ride the market momentum lower.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Mortgage rates will likely lower slightly over the coming week as economic trends remain cloudy. Signs of economic weakness in the U.S. economy will likely continue as reports on GDP, employment and inflation are released. Fears of a spreading debt crisis in Europe could also impact rates favorably as U.S. assets such as mortgage-backed securities become attractive.
 
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Product Rate Change Last week
30 year fixed 4.29%  0.01 4.30%
15 year fixed 3.23%  0.06 3.29%
5/1 ARM 3.33%  0.12 3.45%
 
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