Dan GreenWaterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Same stories, different week. Greece and jobs push rates down.
Dick LepreSenior loan officer, RPM Mortgage, San Francisco
While it is difficult to forecast where Treasury yields and mortgage rates are going short term, the 800-pound gorilla is European Union debt. Any default will trigger flight-to-quality buying of U.S. Treasuries.
When Congress and the president reach some fiscal accord it will likely be seen as keeping the GDP flat. We will see Treasury yields remain low and dip on any EU debt crisis. The end of QE2 should strengthen the dollar and reduce commodity prices and inflation.