Mortgage Rate Trend Index Down: March 6, 2014
Will rates go up, down or remain unchanged?
Polyana da CostaSenior mortgage reporter, Bankrate.com
Rates might edge down after the employment report is released on Friday.
Dick LepreSenior loan officer, RPM Mortgage, San Francisco
The Treasury techs are bullish (higher prices, lower yields) and we should see a slight decline in rates in the next week.
Greg McBride, CFAChief financial analyst, Bankrate.com
It's been one lackluster economic report after another and only a stellar jobs report can counteract the recent trend. But the sluggish economy is keeping a lid on mortgage rates.
Mitch OhlbaumVice president of business development, Mortgage Capital Associates, Los Angeles
The 10-year Treasury is now at 2.69 percent. Although the real figures do not come out until Friday, ADP is saying that the new jobs figures are disappointing again this month, at about 133,000. This is far below what we need for economic growth and as I say each week, job and wage growth are the key to our recovery. Now let's add the instability of Ukraine and Russia along with the standoff between Russia and the West to the mix for a few weeks and rates will likely fall slightly.