Polyana da CostaSenior mortgage reporter, Bankrate.com
Federal Reserve Chairman Ben Bernanke probably didn't mean to push rates up with his QE3 (third round of quantitative easing) comments during Wednesday's Congressional hearing, but the market overreacted and rates might rise a bit more before they stabilize or come back down.
John WalshPresident, Total Mortgage Services, Milford, Conn.
Mortgage rates have risen all month on fears that the Fed will begin to taper QE sooner than anticipated. I believe the trend will continue and rates will rise this week.