Mortgage Rate Trend Index Down: March 26, 2015
Will rates go up, down or remain unchanged?
Sales manager, Fairway Independent Mortgage, Silverdale, Washington
They say hope floats and this week, when it comes to mortgages rates, so do I. Since early February, mortgage rates have seen more dramatic swings than a Seahawks fan in the last 30 seconds of the Super Bowl. (We should have run it! Why?!). Yes, March Madness is in full effect, to the tune of 406 basis points. With technical signals pointing toward an improvement, ride the momentum! Float into lower rates! The Fed's "Ye Of Little Faith" Charles Evans spoke about weak inflation. This lends support to the idea that the Fed shouldn't raise interest rates this year.
President, Independent Mortgage, Newton, Massachusetts
Rates will improve as investors are buying mortgage-backed securities and inflation fears are very low.
Senior loan officer, RPM Mortgage, San Francisco
As always, my call is entirely tech-based. The weekly tech upcrossed from bearish to bullish on March 24. If this is a typical weekly bull cycle, we could see the 10-year yield at or below 1.5 percent within the next two or three weeks.
Assistant managing editor, Bankrate.com
As the dollar gets stronger and Europe cuts interest rates, international money flows stateside, and that pushes U.S. interest rates down.
Senior loan officer, AMC Lending Group, Irvine, California
We are testing a key level right now on the 10-year Treasury. Simply put, if we close below 1.87 percent and get follow-through, look for a test of the 1.64 percent level.