Mortgage Rate Trend Index Unchanged: Oct. 16, 2014

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    For the second week in a row, mortgage rates are dropping rather quickly. Treasury bonds are benefiting from the sell-off in stocks, as well as from a flight to safety that is the result of concern about the slowing of the global economy. Last week I didn't think rates could fall much further, given the size of the recent drop in rates, but I was wrong. This week, with the 10-year Treasury hovering around 2 percent, it's hard to see rates dropping further, because 2 percent is a huge psychological threshold. Absent a major negative event, I don't see rates dropping further. They will be flat in the coming week.

  • Dick J. Lee

    Dick J. Lee

    President, Independent Mortgage, Newton, Massachusetts

    The markets are suffering from weak economic growth, which will result in a roller-coaster week across the board. As a result, rates will remain at current levels.

  • Bob Moulton

    Bob Moulton

    President, Americana Mortgage Group, Manhasset, New York

    Rates are flat.


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