Mortgage Rate Trend Index Unchanged: April 23, 2015
Will rates go up, down or remain unchanged?
Sales manager, Fairway Independent Mortgage, Silverdale, Washington
I am not a huge fan of TV; it's so predictable at times. You know what I mean: "Coming this fall … TV's biggest new series: A dating reality show drama about cops in a hospital on a deserted island." The markets are like that at times. Nothing too big is happening this week. No economic reports are due or euro drama. Floating for now, we are in a tight range, so be cautious. I call this the "Tim Tebow effect." That's where nothing is happening and -- BAM -- someone does something irrelevant that causes a shock wave in the markets.
President, Independent Mortgage, Newton, Massachusetts
Rates will remain stable, as there is no major economic news this week.
Assistant managing editor, Bankrate.com
Mortgage rates have been quiet recently.
Senior loan officer, AMC Lending Group, Irvine, California
The 10-year Treasury is making a run at 2 percent. If we have a close above 2 percent and follow-through action, look for the 10-year to go to 2.25 percent.
President, Americana Mortgage Group, Manhasset, New York
Rates are flat.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
Mortgage rates have been relatively stable the last few weeks. Rates should remain near unchanged but have the risk of rising a bit heading into the FOMC meeting next week. Locking early in the application process is likely in your best interest.