Holden LewisAssistant managing editor, Bankrate.com
Frankly, I don't believe mortgage rates will move much in the coming week. But there is risk rates could rise if investors perceive a lack of progress in raising the federal debt limit. In such a case, rates could spike with little warning. Lock now if you can.
Cameron FindlayChief economist, LendingTree.com, Charlotte, N.C.
Rates have remained in a fairly narrow trading range. We're currently back to the same levels as in early May. More important than rate direction recently has been price, and hence qualification, but expect the focus to shift back to rate when the deadlines for comments on Qualified Mortgage (July 22) and Qualified Residential Mortgage (Aug. 1) near. These guidelines will essentially define if rates to most borrowers will be subject to risk retention, resulting in higher rates.