Mortgage Experts See Rising Rates
By Knox Bardeen on Nov 17, 2005 in Financing
Bankrate surveys mortgage experts each week to find out which direction they think rates will go over the next 30-45 days. Last week 50% of them saw mortgage rates going up and 50% saw mortgage rates dropping. This week 50% think rates will increase and 50% think rates will stay the same. This is the first time in long string of weekly Bankrate surveys where no mortgage experts, not even a small percentage, thought rates would drop. This may be a sign that mortgage rates really are going to trend upwards for a while.
