Mortgage Rate Trend Index Unchanged: Feb. 26, 2015
Will rates go up, down or remain unchanged?
Vice president, Northpointe Bank, Holland, Michigan
After a slight uptick in mortgage rates, we've seen things settle down and drift back down a bit. Continued "less than desirable" economic data, coupled with the Fed statement that it's not in a hurry to raise short-term interest rates, has led to a bit of a rally in the bond market, which is where mortgage interest rates are priced from. Interest rates remain very favorable, making this an ideal time to buy, build or refinance.
Senior loan officer, AMC Lending Group, Irvine, California
Yellen came to help yields! Yield broke that key 2 percent line, and if we get follow-through from a 1.98 percent level, we can see yields head lower. If we do get this lower yield action, then look for the 10-year Treasury to get to 1.87 percent.
President, Americana Mortgage Group, Manhasset, New York
Rates are flat.