Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Derek EgebergDerek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
The stock market has been hit with more uncertainty, which is holding bonds level.
David KuiperDavid Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
While we'll continue to see intraday volatility, mortgage interest rates should remain flat over the course of the next week. The softening stock market and continued weak economic data, both domestic and international, will keep the market right about where it is. With interest rates remaining near all-time low levels, it's an ideal time to buy, build or refinance.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
I am going with flat because I am clueless. The Treasury techs are bearish (lower prices, higher yields), but concern over eurozone debt is real and could cause flight-to-quality buying of U.S. Treasuries, and the BLS Employment Situation Report always has the potential to move the market.
Joe NunziataJoe Nunziata
Chairman and co-CEO, FBC Mortgage, Orlando, Fla.
We believe mortgage rates will remain steady for the next week as rates inched upward last week but appear to have stabilized during the early part of this week. Global stock markets are off on the heels of Portugal's credit rating being downgraded and China attempting to cool off its red-hot economy by raising interest rates, all factors appearing to help the bond market during the last few days.
Jim SahngerJim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
Rates continue to bounce up and down on a daily basis while hovering around current levels. Lots of uncertainty exists, though, and it wouldn't take much to push rates in either direction. Friday could dictate the trend with the release of the employment report.
Tommy XintarisTommy Xintaris
Senior mortgage consultant, Houston
Last week was brutal in MBS markets as investors shifted focus (and funds) into the equity markets. All eyes are on the employment situation this Friday morning, and I'm expecting a little short-term bounce back. However, don't gamble on the day-to-day volatility. It would be prudent to lock in before Friday morning if you're under contract/refinancing.

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