mortgage

Mortgage Rate Trend Index

 

Will rates go up, down or remain unchanged?

Greg McBrideGreg McBride
CFA, Senior financial analyst, Bankrate.com
A weak economy and fears of deflation still rule the day.
Dan GreenDan Green
Waterstone Mortgage, author of TheMortgageReports.com, Cincinnati
An object in motion tends to stay in motion unless acted upon by an outside force. This week, there's no such force.
Barry HabibBarry Habib
CEO, Mortgage Market Guide, Holmdel, N.J.
Lower rates ahead on very poor economic data. But the nearby resistance level means we could see some sudden spikes.
Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
These are the voyages of Treasury yields. Their ongoing mission: to boldly plunge to where no rates have gone before.
As I write this, the 10-year Treasury yield has dropped below 2.5 percent. This represents a complete and utter lack of confidence in practically everything. Investors are simply parking their cash in what is safe for fear that the value of everything else might fall.
The problem for mortgage yields is that they are not tracking Treasuries. The excuse is that investors are reticent to buy mortgage paper when yields are falling for fear of early payoffs. What we want is for Treasury yields to stop moving. The problem is that yields are technically very volatile. We need Treasuries to take a Valium.
Mitch OhlbaumMitch Ohlbaum
Vice president of business development, Mortgage Capital Associates, Los Angeles
The 10-year Treasury is trading at 2.5 percent, with inflation at 1.58 percent. Rates will be dragged lower. The Federal Reserve needs to make some quick decisions about what, if anything, it will do with its massive portfolios of securities. Job creation is the only thing that will dig us out of this mess and bring some stability. For now, expect lower rates and possibly more stimulus.
 
advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

David McMillin

CFPB slaps Flagstar Bank with $37.5 million fine

Michigan-based Flagstar Bank is paying the price for failing to help homeowners and breaking the Consumer Financial Protection Bureau's new mortgage-servicing rules.  ... Read more

advertisement
Partner Center
advertisement

Connect with us