Mortgage Rate Trend Index Down: April 16, 2015
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
The daily tech is about to turn bullish (higher prices, lower yields) and the weekly and monthly are also bullish. This could drive the 10-year yield down to under 1.6 percent.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Uneven economic data will continue to keep everyone guessing about the timing of interest rate hikes.
Mortgage banker, Macoy Capital Partners, Beverly Hills, California
The 10-year Treasury is trading at 1.86 percent, which is below where it should be if the market felt the U.S. economy was strong. While we have decent unemployment figures, we still have stagnant wages and more people working part time when they prefer full time. We also have durable goods and retail sales that are below projections. This may be the result of a very tough winter but also may just be that consumers are feeling less exuberant than in the third and fourth quarters of 2014.