Mortgage rates were essentially unchanged this week, I explain in this week's mortgage analysis. There's just not a lot of urgency in most local housing markets. Demand for home loans is static, even though the homebuyer tax credits are expiring soon and rates are low.
In this week's Rate Trend Index, a plurality of mortgage experts predict that rates will rise in the coming week.
I predicted that rates will remain relatively unchanged. In the past 52 weeks, my rate prediction has been correct 23 times, for a batting average of .442.