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TheStreet Open House

Bankrate: Mortgage Rates Jump On News Of Fed Stimulus

Stock quotes in this article: RATE

15-year fixed: 2.89% -- up from 2.85% last week (avg. points: 0.24)

5/1 ARM: 2.78% -- up from 2.74% last week (avg. points: 0.27)

Bankrate's national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.

For a full analysis of this week's move in mortgage rates, go to http://www.bankrate.com.

The survey is complemented by Bankrate's weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. Two-thirds of panelists, 67 percent, see mortgage rates increasing further over the coming week. One quarter expect mortgage rates to remain more or less unchanged and just 8 percent forecast a decline in the next seven days.

About Bankrate, Inc. (NYSE:RATE)The Bankrate network of companies includes Bankrate.com, Interest.com, Mortgage-calc.com, Nationwide Card Services, InsureMe, CreditCardGuide.com, Bankaholic, CreditCards.com and NetQuote.  Each of these businesses helps consumers to make informed decisions about their personal finance matters. The company's flagship brand, Bankrate.com is a destination site of personal finance channels, including banking, investing, taxes, debt management and college finance. Bankrate.com is the leading aggregator of rates and other information on more than 300 financial products, including mortgages, credit cards, new and used auto loans, money market accounts and CDs, checking and ATM fees, home equity loans and online banking fees. Bankrate.com reviews more than 4,800 financial institutions in 575 markets in 50 states. Bankrate.com provides financial applications and information to a network of more than 75 partners, including Yahoo! (Nasdaq:YHOO), America Online (NYSE:AOL), The Wall Street Journal and The New York Times (NYSE:NYT). Bankrate.com's information is also distributed through more than 500 newspapers.

For more information contact: Kayleen YatesSenior Director, Corporate Communications kyates@bankrate.com(917) 368-8677

SOURCE Bankrate, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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