Mortgage Rate Trend Index
Will rates go up, down or remain unchanged?
Dan GreenWaterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Until Europe reaches consensus on the PIIGS, rates edge lower.
Rebecca R. MadejMortgage Consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.
The poor ADP report has given the bond market a little boost, so we might see a slight dip in rates.
Mitch OhlbaumVice president of business development, Mortgage Capital Associates, Los Angeles
The 10-year is trading at 2.95 percent, and we have not seen anything below 3 percent since late last year. The news about jobs and housing these last few days is bringing home the reality the economy is not moving along the way so many experts said that it would and driving the flight to safety (again). The only inflation we are seeing is in food and fuel, which is bad for consumers who only have a limited number of dollars to spend, and you have to eat and drive to work. I have said it before and say it again, rates will not stay up until we have job and wage recovery.
Brian PeartPresident, Nexus Financial, Atlanta
(Rates will move) down.
Jim SahngerMortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Weak economic news leads to lower rates. Take advantage of them while they are here.
John WalshPresident, Total Mortgage Services, Milford, Conn.
Weak economic data in the U.S. and ongoing concerns over sovereign debt in Europe should create a perfect environment for lower mortgage rates over the next week. With the scheduled end of quantitative easing at the end of the month, but the sustainability of the U.S. economy now in doubt, we will begin to hear calls for further government intervention. Any such intervention will support lower rates. Consumers needing to refinance or wanting to purchase a home at depressed values should take advantage of this window. ... It will likely only last a few months at the most.