mortgage

Mortgage Rate Trend Index Down: Nov. 26, 2014

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    Once again this week I am surprised at how mortgage rates are getting slightly better despite good economic news and the stock market hitting one all-time high after another. Rates tend to rise as the stock market rises, but that is not happening lately. I think the yields on other countries' sovereign debt is keeping the yield on the 10-year Treasury lower than it would be otherwise. Spain, for example, a country with over 23 percent unemployment, has a 10-year yield below 2 percent. I think that makes U.S. debt more attractive by comparison and is proven out by the strong Treasury auctions of this week. Because of this, I expect mortgage rates to drift lower in the coming week.

  • Dick J. Lee

    Dick Lee

    President, Independent Mortgage, Newton, Massachusetts

    Rates will improve!!! The European market is a complete mess and will help bonds and help with the dollar. We may just see the best rates in 2014 yet, with some luck.

  • Holden Lewis

    Holden Lewis

    Assistant managing editor, Bankrate.com

    Rates are falling gradually. Why? It's a mystery. But that's the short-term trend, so who am I to argue with it?

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