Holden LewisAssistant managing editor, Bankrate.com
How low can they go? I don't know. Lower, though.
Greg McBride, CFASenior financial analyst, Bankrate.com
Recession worries have been stoked further by the lousy employment report, meaning more new lows on mortgage rates.
Dick LepreSenior loan officer, RPM Mortgage, San Francisco
We are in the Delta Quadrant, the Twilight Zone or whatever expression is currently hip. With the 10-year yield closing below 2 percent and the techs showing a line to 1.5 percent (I find it hard to believe that we will get to 1.5 percent but accept that we will get to 1.75 percent), the question will be just how valuable mortgage debt will seem relative to Treasuries. With Fannie Mae/Freddie Mac debt backed by the Treasury, we should see a dip in mortgage rates. It seems everyone has lost confidence in the economy and in the ability of either fiscal or monetary policy to affect it. The fact is we have not yet recovered from the mortgage mess. The consumer is overleveraged, unemployed or both.