Follow Us: Google+
 
Bankrate.com

mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride, CFA
Senior 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 BeckerMichael Becker
Mortgage 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 BreelandKevin Breeland
General 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 EgebergDerek Egeberg
Certified 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 HabibBarry Habib
CEO, Mortgage Market Guide, Holmdel, N.J.
Neutral to lower as stocks struggle.
David KuiperDavid Kuiper
Mortgage 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 MoultonBob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates are flat.
Joe NunziataJoe Nunziata
Chairman 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 WalshJohn Walsh
President, 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.
 
advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Mortgage Rates
Zip code:
Product:



advertisement
Most Read
  1. Nick Nolte's house for sale
  2. 8 eerie ghost towns
  3. 5 best markets for home values
  4. What does a kitchen remodel entail?
  5. Don't sell a smelly house
  6. Headlight requirements by state
  7. 9 gas-only, fuel-efficient cars
  8. 8 affordable, classic cars for retirees
  9. 5 car models that lose value
  10. Top 10 states for foreclosure
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.60% 3.52%
15 yr fixed mtg
2.74% 2.71%
5/1 ARM
2.54% 2.57%
30 yr fixed mtg refi
3.58% 3.50%
View rates in your area:
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
At the start of the traditional buying season, housing news is mixed.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.