Mortgage Rate Trend Index Unchanged: Nov. 26, 2014
Will rates go up, down or remain unchanged?
Branch manager, Academy Mortgage, Yuma, Arizona
The markets will remain fairly stable during this Thanksgiving season. Look for rates to stay near these levels until the holiday shopping numbers start being reported.
Senior loan officer, RPM Mortgage, San Francisco
The daily tech remains bullish (higher prices, lower yields), but the weekly is bearish. Yields and rates will probably remain flat.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Not much change in mortgage rates over the next week, despite the heavy lineup of economic data.
Senior loan officer, AMC Lending Group, Irvine, California
We have a 2.31 percent 10-year Treasury today, even with the higher GDP. Yields have to go lower if we can break under 2.28 percent. However, not much going on after the Yellen Spike; we've been in a small range for weeks. The GDP is trending good and job creation numbers are going to be the best since 1999, but the 10-year is still low -- which is more telling than anything!
President, Americana Mortgage Group, Manhasset, New York
Rates are stable.
Mortgage banker, Macoy Capital Partners, Los Angeles
The 10-year Treasury is currently at 2.32 percent and has not moved much in the last few weeks, but, interestingly enough, mortgage rates have trickled down slightly. Given that we are officially in holiday season this week, you will not see much, if any, movement through the end of the year.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
For anyone waiting to submit a mortgage application, you have a lot to be thankful for. Mortgage-backed securities pricing has improved to levels not consistently seen in 18 months or more.
Now it's time to waffle up. Rates are in a position where they realistically could go higher or lower based on recent economic numbers and/or technical trading. That said, I believe we are in a position to potentially get a little lower during the holiday season upon us. For now though, enjoy where we are, pull the trigger and lock in what you can if you have not done so.
CEO, Arcus Lending Inc., San Jose, California
This being a short week and the employment report not expected till next week, I don't expect any major movement in the mortgage bond pricing. And that should keep the rates stable.
Director of secondary marketing, CMG Financial, San Ramon, California
The Fed did not stray from its standard policy statements with its first minutes released since the completion of quantitative easing, which left markets flat heading into the holiday week. Europe and Asia continue to cut rates in hopes of stimulating stalling economies and oil is on its way to new lows ahead of the OPEC announcement on Thursday. Despite these global changes, domestic rates and markets continue to remain stable.