Mortgage Rate Trend Index Down: July 30, 2015

Will rates go up, down or remain unchanged?

  • Shaun Guerrero

    Shaun Guerrero

    Sales manager, Fairway Independent Mortgage, Silverdale, Washington

    "Light My Fire" (The Doors) was No. 1 the last time housing was at its present levels, referring to the homeownership rate. Let that sink in.

    However, if you bought real estate then (1967) and sold it about the time Britney Spears made it big, you would have done very well for yourself. Things are solid in housing right now, a lot better than music, that's for sure. Low inventory, rents rising and rates are remaining stable. We have two jobs reports before our next Fed meeting. We are carefully awaiting a rate improvement.

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    The daily and weekly tech are both bullish (higher prices, lower yields), which should send rates slightly lower in the next week.

  • Brett Sinnott

    Brett Sinnott

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

    Greece has worked its way out of the headlines, with China taking the lead in regards to struggling economies. This has caused not only the stock market but commodities to sustain some rather large losses and pushed mortgage rates down. Pending and new home sales fell sharply and overall homeownership has fallen to its lowest level since surveys began, leaving the Fed with a huge decision in regards to moving rates this year. Should the Fed move rates up by the traditional amount of .250, many believe the market has most of this already built in. If that is the case, an initial shock wave should be expected, but once the dust settles we should not see a huge change from our current market yields.


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