Mortgage Rate Trend Index Unchanged: April 17, 2014
Will rates go up, down or remain unchanged?
Michael BeckerMortgage banker, WCS Funding Group, Baltimore
Concerns about the global economy and the potential for civil war in Ukraine have been a major reason why mortgage rates have improved over the last week. Looking forward, I think it would be hard for rates to rally further in the short term, given how much they have dropped in the last couple of weeks. For this reason, I see mortgage rates holding steady in the coming week.
Polyana da CostaSenior mortgage reporter, Bankrate.com
Rates have fallen for two weeks in a row. I think they are going to take a short break before they start going up again.
David KuiperVice president, Northpointe Bank, Holland, Mich.
We continue to enjoy a stable, low interest rate environment, with interest rates declining slightly over the last week. With no major pending economic data releases on the horizon, I don't see much happening with interest rates this coming week.
Holden LewisAssistant managing editor, Bankrate.com
A new Fed meeting is coming up in a couple weeks, and mortgage rates sometimes get stuck in a narrow range during the pre-Fed period.
Bob MoultonPresident, Americana Mortgage Group, Manhasset, N.Y.
Rates are stable.