Mortgage Rate Trend Index


Will rates go up, down or remain unchanged?

Polyana da CostaPolyana da Costa
Mortgage reporter,
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,
The closer we get to default, the more likely we'll see a spike in mortgage rates.
Greg McBrideGreg McBride, CFA
Senior financial analyst,
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.

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