Aug. 14 - Aug. 20, 2008
It was almost an even split this week. Just a little over one-third of the panelists believe mortgage rates will rise over the next 35 to 45 days. Another 31 percent think rates will fall, and 31 percent believe rates will remain relatively unchanged (plus or minus 2 basis points).
About Rate Trend Index: The Rate Trend Index surveys experts in the banking and mortgage fields to see if they believe mortgage rates will rise, fall or remain relatively unchanged. For the mortgage index, the panel comprises mortgage bankers, mortgage brokers and other industry experts who provide residential first mortgages to consumers.