Polyana da CostaMortgage reporter, Bankrate.com
Unless Bernanke makes a big, unexpected announcement during his speech Friday, I think rates will stay flat next week. They've gone through a small upward adjustment this week, but ongoing signs of a still-weak economy will keep rates low.
Greg McBride, CFASenior financial analyst, Bankrate.com
The movement of financial markets and mortgage rates will be keyed by Bernanke's speech. Regardless, the undertone of a weak economy will persist and keep a lid on mortgage rates.
David KuiperMortgage planner, First Place Bank, Holland, Mich.
While I don't expect much of a change from the current at/near all-time record low levels of mortgage interest rates, the market does continue to be very volatile. We're seeing swings back and forth daily, depending on which positive or negative economic report of the moment is being released. What this means to you, is that the prudent thing to do is to make an informed decision and lock into a rate/program that works for you, and not to try to time the market. Nor is this the time to become complacent, as rates can and do change suddenly, dramatically and without warning. Consult your local mortgage professional today to see how you can take advantage of this "Christmas in August" gift.
Joe NunziataChairman and co-CEO, FBC Mortgage, Orlando, Fla.
We feel rates will continue to hold steady until after the (Fed) summit in Jackson Hole, Wyo., this Friday. With home purchases declining 5.7 percent even though rates have fallen, it is unlikely we will see rates trend upward for some time to come.