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Mortgage Rate Trend Index: May 16, 2013

 

Will rates go up, down or remain unchanged?

 
Panel Prediction
UpDownUnchanged
38%8%54%
 
Will rates rise or remain relatively unchanged? Experts and Bankrate analysts predict where mortgage rates are headed over the next week.

This week (May 16-22), 38 percent of the panelists believe mortgage rates will rise over the next week or so, 8 percent think rates will fall, and 54 percent believe rates will remain relatively unchanged (plus or minus 2 basis points).

Click on the three tabs above to read the comments and rate predictions of mortgage experts and Bankrate analysts.

About the Bankrate.com Rate Trend Index
Bankrate.com surveys experts in the mortgage field to see if they believe mortgage rates will rise, fall or remain relatively unchanged. The panel is comprised of mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers. Results from Bankrate.com's Mortgage Rate Trend Index will be released each Thursday.
 
 

How did Bankrate's predictions fare last week?

DateUpDownUnchanged
May 923% 23%54%
Results
3.71%+ 11
basis points
 

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Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.66% 3.58%
15 yr fixed mtg
2.79% 2.72%
5/1 ARM
2.59% 2.57%
30 yr fixed mtg refi
3.64% 3.57%
View rates in your area:
 

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