Mortgage Rate Trend Survey

Mortgage Rate Trend Survey
Monday, Jun 2, 2008

The Mortgage Rate Trend Survey summarizes where mortgage professionals think mortgage rates are headed in the future. To conduct this survey, Mortgage-X asks more than 250 experts in the mortgage field each Monday about their expectations for the mortgage market.

Over the next 30 days: Over the next 90 days: rates will rise significantly: 3.4% rates will rise significantly: 3.4% rates will rise slightly: 31.0% rates will rise slightly: 41.4% rates will remain unchanged: 44.8% rates will remain unchanged: 31.0% rates will decline slightly: 20.7% rates will decline slightly: 24.1% rates will decline significantly: 0.0% rates will decline significantly: 0.0%

Currently, about 45% of the participating mortgage professionals believe mortgage rates will remain unchanged over the next 30 days and 41% believe mortgage rates will rise slightly over the next 90 days. My Vote in The Weekly Survey Elite Mortgage Solutions, Inc. Vote: () () Over the next 30 days rates will rise slightly; over the next 90 days rates will rise slightly. Comment by Shannon Luscher: For the most part, I expect to see rates staying range-bound with a slight upward tick.

Current WHEDA Rates

Easy 8.0%
HOME 6.05%
Major Rehab 6.05%

WI Fixed Rate vs ARM

Interesting illustration of the divergence taking place in Fixed Rates vs. ARM Rates over the last three months. That is quite a spread!


Source: Bankrate.com

Market Turmoil - Fed slashes rates .75%

The Facts as of 11am January 22nd 2008 Wall Street to Washington

3.5% = Fed Fund Rate
4.0% = Discount Rate
Bush stimulus proposal = 150 billion although they are hinting at more
Stock Market - Dow dropped 465 early, but has managed to recover a good portion of that

Now, where things go from here is anybodies guess. It seems as though the proverbial tail is wagging the dog. Is Bernacke a day late and a dollar short? The markets probably would have preferred to see the fed do something more substantial sooner than today. In any case, here we are. I think we will know more between 1 and 2 eastern today. At least I hope the picture will be a little less muddy!