Dick LepreSenior loan officer, RPM Mortgage, San Francisco
We should be establishing a bullish (higher prices, lower yields) daily technical cycle, which will last a couple of weeks. The longer-term picture -- to the end of the year -- is still bearish (lower prices, higher yields). These countercyclic moves, such as a bullish daily in the midst of a bearish weekly and monthly, can easily be squished.
Dan GreenWaterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Ahead of the next Federal Open Market Committee meeting, mortgage rates retreat.
Barry HabibVice president and chief market strategist, Residential Finance Corporation, Marlboro, N.J.
Rates finally start to improve.