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Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Polyana da CostaPolyana da Costa
Mortgage reporter, Bankrate.com 
Rates have fallen for too many weeks in a row. This normally doesn't happen. If it weren't for Bernanke's speech Tuesday acknowledging the economy is growing at a much slower pace than expected, rates would have increased this week. So I think they'll adjust next week.
Holden LewisHolden Lewis
Assistant managing editor, Bankrate.com
They have gone down nine weeks in a row. Let the good times stop.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The short-term daily tech is finally starting a bear cycle (lower prices, higher yields and rates). This is by no means a sign that rates are headed higher in the medium term. The weekly tech is still bullish and the monthly appears headed for a midlevel upcross. English translation: While we are looking at slightly higher rates for the next week or two, the long-term technical picture points to lower Treasury rates.
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.98% 4.06%
15 yr fixed mtg
3.09% 3.19%
5/1 ARM
2.85% 2.83%
30 yr fixed mtg refi
3.97% 4.05%
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