Mortgage Rate Trend Index Unchanged: Oct. 30, 2014

Will rates go up, down or remain unchanged?

  • Dick J. Lee

    Dick Lee

    President, Independent Mortgage, Newton, Massachusetts

    Rates will remain unchanged, the five-year window for Medicare and Social Security will start worsening and will be rising with demographics.

  • Holden Lewis

    Holden Lewis

    Assistant managing editor,

    The end of QE3 was baked into the rate cake, so there won't be much effect on mortgage rates. I recommend locking before the morning of Nov. 7, when the October employment report is released.

  • Logan Mohtashami

    Logan Mohtashami

    Senior loan officer, AMC Lending Group, Irvine, California

    The 10-year Treasury's low point on Fed Day: 2.27 percent. Last week: 2.24 percent. Not much movement, but we saw a spike on the 10-year to 2.35 percent. We are now 48 basis points higher from the 10-year two weeks ago.

    It looks like we have seen the lows in mortgage rates for 2014. The irony is on the day the Fed ends QE we are at 21st-century lows for mortgage purchase applications. Can we get a refund on that $4.4 trillion?

  • Bob Moulton

    Bob Moulton

    President, Americana Mortgage Group, Manhasset, New York

    Rates are flat.

  • Jim Sahnger

    Jim Sahnger

    Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida

    The Fed has spoken and it has ended QE. Time will tell what the real impact is, but for now, look for rates to remain unchanged to slightly improved over the course of the next week. The markets will digest the news and evaluate what next happens to equities. If traders believe the safety net has been removed from stock purchases, it could be favorable for the bond market.

  • Brett Sinnott

    Brett Sinnott

    Director of secondary marketing, CMG Financial, San Ramon, California

    Markets have calmed even as the Fed begins the final stages of QE3. Many believe there will be another round of easing if any negative economic indicators take hold. Mixed bag domestic indicators are outweighing the negative signs that continue to come from Europe, in particular the European Union.


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