mortgage

Mortgage Rate Trend Index Down: Feb. 11, 2016

Will rates go up, down or remain unchanged?

  • Derek Egeberg

    Derek Egeberg

    Branch manager, Academy Mortgage, Yuma, Arizona

    As the stock market struggles and oil prices continue to decline look for mortgage rates to benefit and continue drifting lower.

  • Holden Lewis

    Holden Lewis

    Assistant managing editor, Bankrate.com

    The domestic economic situation is stronger than the international economic situation. Right now, mortgage rates are responding to global pressures.

  • Mitch Ohlbaum

    Mitch Ohlbaum

    Loan officer, Macoy Capital Partners, Los Angeles

    The 10-year is trading at 1.72% and continues to fall from its recent high of over 2.40% just a short time ago. The Fed announced just yesterday that it would wait for any further decisions about rates until they see how world turmoil pans put. We all know that means -- they are not going to push any further rate increases in the near future. The rest of the world is running into problems and it will surely impact the United States. As the world economy comes into focus I think the Fed, or at least the market, will decide that raising the rate in December was an error.

  • Crissinda Ponder

    Crissinda Ponder

    Mortgage reporter, Bankrate.com

    Global economic concerns keep piling on, so I expect mortgage rates to move lower.

  • Jim Sahnger

    Jim Sahnger

    Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida

    Mortgage rates have continued to improve since the Fed pulled the trigger to raise Fed funds in December. Since then, the economic environment has done nothing and shown no signs to warrant the move in December. As pessimistic the outlook is, rates could improve, but little is needed to spark a swing higher. Look for rates to continue to slightly improve, but if you are looking to refinance or purchase, take advantage of rates where they are now and lock.

  • Brett Sinnott

    Brett Sinnott

    Vice president of capital markets, CMG Financial, San Ramon, California

    Both the domestic and global economies continue to weigh heavily on stocks, with China and oil remaining the 2 largest movers of the market daily. In today's testimony presented by Janet Yellen, talks of removing their recent increase as well as the possibility of negative interest rates were discussed. Although no definitive plan was laid out for either, it does hint at the fact that the Fed may not raise rates as planned in March or April and could possibly be stuck holding for most if not all of 2016. This has had a positive effect on mortgage rates, causing both purchase and refinance activity to increase over the past week and more than likely for the next few months.

Get today's mortgage interest rates and information on recent rate trends today.

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