mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride, CFA
Senior financial analyst, Bankrate.com
The sluggish economy -- and the Fed's acknowledgement of it -- is keeping mortgage rates in check.
Kevin BreelandKevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
For reasons I have stated in other weeks, it appears mortgage rates will be steady for some time. … Rates will remain unchanged.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
We are stuck between a short-term bearish tech and a longer-term bullish one. We will also need to deal with how markets perceive the end of "QE2." The big picture of the U.S. economy appears to be indicative of very slow growth of everything except the national debt. The best thing for mortgage rates would be for Greece to default, causing flight-to-quality buying of U.S. Treasuries.
Rebecca R. MadejRebecca R. Madej
Mortgage Consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.
Hoping rates will stay the same, but with market volatility it could go either way.
Bob MoultonBob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates should stay flat.
Joe NunziataJoe Nunziata
Chairman and co-CEO, FBC Mortgage, Orlando, Fla.
We believe mortgage rates will remain relatively stable this week; however, markets may deteriorate slightly as we continue to look for developments out of Europe on Greece and are also focused on tomorrow's conclusion of the two-day FOMC meeting. The meeting will follow the newly created format of an earlier-than-usual statement release at approximately 12:30 p.m., followed by a post press release conference at 2:15 p.m. Wednesday afternoon.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
The current 10-year is trading at 2.97 percent and has remained mostly unchanged in the recent week. The market continues to remain uncertain about the economy for the balance of the year. As always, job growth is the key here and we are just not seeing any big improvements in neither the number of people working nor the hourly wage. The market will continue to be tenuous until it has some solid news either way.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Short term, we will likely remain in the unchanged area. Rates are more likely to drift a little higher, though, than lower for those debating on locking sooner rather than later.
 
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