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Mortgage Rate Trend Index Up: May 24, 2012

 

Will rates go up, down or remain unchanged?

Polyana da CostaPolyana da Costa
Mortgage reporter, Bankrate.com
As lenders get swamped with refinance and purchase applications, rates will likely inch up in coming days. Nothing major -- but you really can't expect rates to stay under 4 percent for much longer.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
False hope from the eurozone moves rates higher for this week only.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
We are probably going to see a brief (two- to four-week) refresher bear cycle (lower prices, higher yields) for Treasuries because the daily tech was bullish for 55 days. Normal cycles are 15 trading days up and 15 trading days down. Once the next bull cycle kicks in, we will see a run at the 1.46 percent objective on the 10-year.
 

 

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