Mortgage Rates for week of August 22, 2009

With rates staying virtually unchanged today vs. last Friday, I thought it might be interesting to hear what other “experts” are predicting for rate futures.  The Bankrate.com survey is for conforming mortgages only. It does not apply to FHA mortgages, VA mortgages, jumbo mortgages, or super jumbo mortgages. Here are the most recent predictions for the next 30 days:

1. • 27% predict mortgage rates will increase

2. • 37% predict mortgage rates will decrease

3. •46% predict mortgage rates will remain unchanged

Think anyone REALLY knows which way rates are heading???

See breakdown of Rates