Follow Us: Google+
 
Bankrate.com

mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Polyana da CostaPolyana da Costa
Mortgage reporter, Bankrate.com
Investors are nervous about the debt ceiling situation. So far, that has not impacted rates as much because they are waiting to see what happens. But if it doesn't look like Congress is close to a solution by next week, we'll probably see a quick spike.
Holden LewisHolden Lewis
Assistant managing editor, Bankrate.com
The closer we get to default, the more likely we'll see a spike in mortgage rates.
Greg McBrideGreg McBride, CFA
Senior financial analyst, Bankrate.com
Worries of a U.S. debt downgrade are now emerging as a threat to rates, even if default is averted.
Barry HabibBarry Habib
CEO, Mortgage Market Guide, Holmdel, N.J.
Higher, as debt ceiling deal rallies stocks.
John WalshJohn Walsh
President, Total Mortgage Services, Milford, Conn.
Mortgage rates will likely head higher regardless of the decision in Washington over the debt ceiling increase and deficit cutting. Of course, it depends on what deal is reached:
  • Increase in the debt ceiling with a small cut in government spending: Modestly higher interest rates as bond investors lose confidence in our leaders' willingness to solve our serious financial problems.
  • Increase in the debt ceiling with a significant cut in government spending: Mortgage rates that are more stable -- but begin to rise as the economy improves
  • The unthinkable -- no deal at all: Sharply higher rates for the long-term foreseeable future.
 
advertisement

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



advertisement
Most Read
  1. Beach towns with bargain homes
  2. 6 tips for successful yard sale
  3. Nick Nolte's house for sale
  4. 5 costliest tickets for car insurance
  5. 7 sedans for the young at heart
  6. 5 car models that lose value
  7. Ali Landry's house for sale
  8. Headlight requirements by state
  9. 9 gas-only, fuel-efficient cars
  10. 8 eerie ghost towns
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.77% 3.60%
15 yr fixed mtg
2.88% 2.74%
5/1 ARM
2.66% 2.54%
30 yr fixed mtg refi
3.76% 3.58%
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
Another indicator of an improving housing market: Realtor income is up.
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.