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Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Polyana da CostaPolyana da Costa
Mortgage reporter, Bankrate.com
I said this last week and I was wrong, but I'll stick to my theory for another week. Rates have to adjust back up at some point. They normally go up after they drop so drastically and so quickly as they have done in the past week.
Holden LewisHolden Lewis
Assistant managing editor, Bankrate.com
A surge in refinances leads to a modest increase in mortgage rates, so lenders can cope with demand.
Brian PeartBrian Peart
President, Nexus Financial, Atlanta
Definitely up!
 
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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.60% 3.52%
15 yr fixed mtg
2.74% 2.71%
5/1 ARM
2.54% 2.57%
30 yr fixed mtg refi
3.58% 3.50%
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At the start of the traditional buying season, housing news is mixed.
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