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Mortgage Rate Trend Index Down: May 23, 2013

 

Will rates go up, down or remain unchanged?

Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Mortgage rates remain volatile. Overall, rates will trend lower.
Barry HabibBarry Habib
Vice president and chief market strategist, Residential Finance Corporation, Marlboro, N.J.
Look for prices to improve this week.
Bob MoultonBob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates have risen over the past week and should settle down again.
Jim SahngerJim Sahnger
Mortgage planner, FBC Mortgage, Jupiter, Fla.
Following all the volatility we have seen in the last few weeks, look for rates to recover and improve slightly.
 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.73% 3.65%
15 yr fixed mtg
2.85% 2.79%
5/1 ARM
2.60% 2.59%
30 yr fixed mtg refi
3.72% 3.64%
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