Will rates go up, down or remain unchanged?

 
Panel Prediction
Up Down Unchanged
59% 6% 35%
 

Will rates rise or remain relatively unchanged? Experts and Bankrate analysts predict where mortgage rates are headed over the next week.
This week (March 31-April 6), 59 percent of the panelists believe mortgage rates will rise over the next week or so; just 6 percent think rates will fall; and 35 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.
Bankrate.com surveys experts in the banking and mortgage fields to see if they believe certificate of deposit and mortgage rates will rise, fall or remain relatively unchanged. For the deposit index, the panel comprises banks, thrifts and credit unions that directly offer FDIC-insured certificates of deposit to the end consumer. For the mortgage index, the panel comprises mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers. Results from Bankrate.com’s CD Rate Trend Index will be released monthly. Results from Bankrate.com’s Mortgage Rate Trend Index will be released each Thursday.

 
 

Will rates go up, down or remain unchanged?

Greg McBride
Greg McBride
CFA, Senior financial analyst, Bankrate.com
Everything hinges on Friday’s employment report, so unless it disappoints notably, mortgage rates will drift higher.
Michael Becker
Michael Becker
Mortgage banker, Happy Mortgage, Lutherville, Md.
Markets seem to be discounting any bad economic news, while latching on to any positive news. In this environment, the stock market rallies and bonds sell off, sending interest rates higher. I see that trend continuing in the coming week. Look for mortgage rates to be higher in the coming week.
Kevin Breeland
Kevin Breeland
General manager, Residential Mortgage of South Carolina, Mount Pleasant, S.C.
Continued pressures abroad and the fear of inflation, food and energy costs, as the driver, will create an atmosphere that will push rates higher. I would suggest to lock. Rates are rising.
Derek Egeberg
Derek Egeberg
Certified Mortgage Planning Specialist and branch manager, Academy Mortgage, Yuma, Ariz.
Following the three-month trend, rates are continuing to inch higher.
Cameron Findlay
Cameron Findlay
Chief economist, LendingTree.com, Charlotte, N.C.
Access to consumer credit and the cost of borrowing will become more expensive given the release of the proposed QRM (qualified residential mortgage) definition. Lending will become more difficult due to the higher hurdle to qualify for a mortgage (a minimum down payment of 20 percent purchase loans); while rates will move higher due to the forced injection of private labels back into the market. The joint interagency decision to adopt a narrow QRM definition will benefit too-big-to-fail banks but will be detrimental to the overall mortgage market and thus further exacerbate home price declines.
Dan Green
Dan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
Greed replaces fear on Wall Street this week. Mortgage bonds suffer. Mortgage rates up.
Barry Habib
Barry Habib
CEO, Mortgage Market Guide, Holmdel, N.J.
Stronger jobs numbers will result in higher rates.
Dick Lepre
Dick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The stochastic technical is indicating slight upward pressure on Treasury yields for this period. This should not be a large move and will likely quickly correct.
Rebecca R. Madej
Rebecca R. Madej
Mortgage consultant, Cunningham & Company Mortgage Bankers, Charlotte, N.C.
Threats of inflation are putting pressure on bonds, and rates will rise.
John Walsh
John Walsh
President, Total Mortgage Services, Milford, Conn.
Rates are likely to increase in the coming week.
 
 

Will rates go up, down or remain unchanged?

Holden Lewis
Holden Lewis
Assistant managing editor, Bankrate.com
Rising oil prices and falling house prices make a nasty combination that resists economic recovery. If consumer spending stalls, and if the federal government shuts down, rates will fall as the economy falters. Even though I expect mortgage rates to fall, I think it’s wise to lock your rate when you can.
 
 

Will rates go up, down or remain unchanged?

Chris Karageorge
Chris Karageorge
Senior home loan adviser, Universal American Mortgage Company, Wayzata, Minn.
I expect rates to remain relatively unchanged this week.
David Kuiper
David Kuiper
Mortgage planner, First Place Bank, Holland, Mich.
Mortgage interest rates continue to trade in a very narrow range of about 0.25 percent. Intraday volatility remains high, as new data and events are constantly upon us. With pending inflation and economic uncertainty, it remains prudent to lock in at today’s very favorable rates. Consult your local mortgage professional to see how you can build, buy or refinance and take advantage of these rates, which remain near all-time lows.
Bob Moulton
Bob Moulton
President, Americana Mortgage Group, Manhasset, N.Y.
Rates are flat.
Jim Sahnger
Jim Sahnger
Mortgage consultant, Palm Beach Financial Network, Stuart, Fla.
There are a multitude of reasons why rates should be stable or heading lower. All that said, rates have inched up since mid-March. I think we could see rates move a little lower in the short term, but if the labor report comes in at or above expectations, rates will rise. The push and pull should leave rates range-bound.