Mortgage Rate Trend Index Unchanged: Dec 5, 2013
Will rates go up, down or remain unchanged?
Dick LepreSenior loan officer, RPM Mortgage, San Francisco
The techs are more bearish (lower prices, higher yields) than bullish, but the employment situation report for November could move the markets. Last month's employment reports made no sense, showing 204,000 more people working in the Establishment Survey and 720,000 people leaving the workforce in the Household Survey. The fact is that it has been rare in the past few years for any significant fundamental to move the market. We deal more with what is the acceptable level of mediocrity.
Holden LewisAssistant managing editor, Bankrate.com
Mortgage rates should remain fairly steady until the change in leadership of the Fed.
Bob MoultonPresident, Americana Mortgage Group, Manhasset, N.Y.
Rates are flat and will rise modestly in the beginning of 2014.