Mortgage Rate Trend Index Down: Jan. 22, 2015
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
The techs are bullish (higher prices, lower yields) and could send the 10-year Treasury yield to a record low. I am not suggesting it will happen in the next week, but I see a technical objective for the 10-year as being as low as 1.31 percent.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Expected quantitative easing from the European Central Bank will keep downward pressure on bond yields and mortgage rates.
CEO, Arcus Lending Inc., San Jose, California
Due to the lack of big economic news this week and the fact that last Friday (Jan. 16) saw a jump in mortgage rates, I expect the market to correct itself. The rates will mostly remain flat, but should go down by a small margin.
Director of secondary marketing, CMG Financial, San Ramon, California
The 10-year continues its climb downward, which is causing rates to follow, although rates are not following as closely as they once did. Large moves on the 10-year used to translate to large moves in mortgage rates, but the recent trend has seen mortgage rates fall at a slower pace. The ECB is still stating that a quantitative easing move is looming, which will have an immediate effect on both rate and equities markets.