Mortgage Rate Trend Index Down: Feb. 26, 2015

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    Those hoping for lower mortgage rates this week can thank Fed Chair Janet Yellen for her testimony to Congress. The markets took her testimony as dovish, and they have pushed the expected date of the Fed's raising of interest rates back to later in 2015. Because of this and because of the incredibly low yields on the sovereign debt of Europe, I expect to see mortgage rates drop more in the coming week.

  • Polyana da Costa

    Polyana da Costa

    Senior mortgage reporter,

    Janet Yellen's speech was a nice surprise for investors. The 10-year Treasury is below 2 percent again, and mortgage borrowers can relax for now.

  • Shaun Guerrero

    Shaun Guerrero

    Sales manager, Fairway Independent Mortgage, Silverdale, Washington

    America is at a weird place right now.

    • The homeownership rate dropped to a 20-year low of 64.5 percent in 2014.
    • Four generations are working simultaneously in the workplace.
    • Oil is below $50 a barrel.
    • Kylie Jenner, the 17-year-old Kardashian sister, just bought a home in California, while Jay Z rents for $150,000 a month.

    And it still doesn't even hold a candle to what is happening in Greece, which is causing the bond market to rally and rates to improve. This week, I recommend floating.

  • Dick Lee

    Dick Lee

    President, Independent Mortgage, Newton, Massachusetts

    Rates will improve -- Fed Chair Yellen's words are a market mover.

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    The daily tech is about to upcross to bullish (higher prices, lower yields) but is opposed by a bearish weekly. Most likely: slightly lower Treasury yields and mortgage rates.

  • Greg McBride

    Greg McBride, CFA

    Chief financial analyst,

    A slight pullback in rates after Janet Yellen indicates that the Fed won't raise rates with inflation this low.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    In light of recent developments in Europe and Janet Yellen's testimony, I think mortgage-backed securities will get a little boost. Mortgage rates should trend lower. Don't expect anything substantial, though.

  • Brett Sinnott

    Brett Sinnott

    Director of secondary marketing, CMG Financial, San Ramon, California

    The Fed has stated it does not intend to move rates for the next couple of meetings, which gives stability to the market, as current economic indicators had many feeling the Fed would be making a move in June. This likely pushes any sort of move out to September at the earliest, with many now predicting no movement in 2015, as the Fed has explicitly stated it will give "plenty" of notice on movement. With stability being added to rates, particularly on refinance transactions, many will look at spring and summer purchase figures to gauge the overall health of the housing market.


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