Mortgage Rate Trend Index
Will rates go up, down or remain unchanged?
Greg McBride, CFASenior financial analyst, Bankrate.com
Yes, the recovery is nothing to write home about, but its not a double-dip recession, so don't expect rates to keep falling indefinitely.
Michael BeckerMortgage banker, Happy Mortgage, Lutherville, Md.
With mortgage rates at their lowest level since last November and a lack of new economic data, I don't see a catalyst for lower mortgage rates. Because of this I see mortgage rates holding steady in the coming week.
Kevin BreelandGeneral manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Some attention is now going to be focused on the ending of "QE2." I don't believe this will have an impact on rates either way. The focus for rates will be unrest overseas, the ongoing Greece debt, inflation in America, unemployment, double-dip recession and gas prices. For the next week, I do not expect rates to change.
Derek EgebergCertified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
Mortgage bonds have been on a huge run toward lower rates but seem to have run out of steam to continue the trend.
Barry HabibCEO, Mortgage Market Guide, Holmdel, N.J.
Neutral to lower as stocks struggle.
David KuiperMortgage planner, First Place Bank, Holland, Mich.
We've seen a recent rally in mortgage-backed securities, leading to slightly lower mortgage interest rates, and further entrenching us at the near record-level low level we are currently experiencing. A continued weak economic outlook, domestically and internationally, was underscored by the Fed this week, so for the near term, rates will continue to trade in a very narrow (and low) range. Take this early summer gift and contact your local mortgage professional to see how you can personally take advantage of this situation.
Bob MoultonPresident, Americana Mortgage Group, Manhasset, N.Y.
Rates are flat.
Joe NunziataChairman and co-CEO, FBC Mortgage, Orlando, Fla.
We believe mortgage rates will remain relatively stable, with a slight downward trajectory during the next week. U.S. stock markets have been battling negative news for a few weeks now, thus helping the mortgage bond market improve to record levels.
John WalshPresident, Total Mortgage Services, Milford, Conn.
I actually believe we will see rates drop initially and then begin a steady increase through the end of the month. For the week though, the change is likely to be negligible. Economic data next week, particularly retail sales and the Producer Price Index, will be watched closely. Should retail sales drop sharply or inflation pick up more than expected, rates could rise even further. Volatility will be the story. Consumers should lock interests rates on loans rather than floating in hopes of better rates.