Mortgage Rate Trend Survey - 90day Picture

ATTENTION HOMEOWNERS - on the fence to purchase, list or refinance your homes! You may want to review current findings from a recent survey conducted on mortgage rate trends illustrated below. While it would appear those surveyed believe rates will stay unchanged for the next 30 days, the trend over 90 days is less favorable.  

Another factor of uncertainty is who will replace Timothy Geithner as Secretary Treasury. President Obama today nominated Jacob Lew, who has in my opinion a weak background for the job. WSJ says “Mr. Lew, if confirmed by the Senate, would break the mold of recent Treasury chiefs, as he is known more for being a loyal democratic lieutenant and budget wonk than a financial-market guru with broad contacts in the business world”. This political uncertainty could have a major impact on shifting mortgage rates either direction. 

Either way, I would highly recommend homeowners get the pre-approval process going by calling me to review mortgage options. I rely on referrals to grow my business, if you know of someone who I can advise please have them call me at 714-478-3153  

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 about their expectations for the mortgage market.

Over the next 30 days: Over the next 90 days: rates will rise significantly: 5.6% rates will rise significantly: 0.0% rates will rise slightly: 11.1% rates will rise slightly: 44.4% rates will remain unchanged: 55.6% rates will remain unchanged: 44.4% rates will decline slightly: 27.8% rates will decline slightly: 11.1% rates will decline significantly: 0.0% rates will decline significantly: 0.0%