mortgage

Mortgage Rate Trend Index Unchanged: Jan. 29, 2015

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    After a volatile start to the year, mortgage rates have stabilized over the past few days. With the European Central Bank announcing that it will start its own quantitative easing program March 15, markets will be watching the Fed for any changes to its statement at the end of its two-day meeting Jan. 28. With economic reports, like durable goods orders, showing weakness here in the U.S., I think the Fed will be cautious about removing the terms "patient" and "considerable time" from its policy statement. Unless the Fed delivers a surprise, I don't see mortgage rates moving much over the next week.

  • Polyana da Costa

    Polyana da Costa

    Senior mortgage reporter, Bankrate.com

    There were no surprises in the Fed statement released this week. Mortgage rates should remain stable in the next few days.

  • David Kuiper

    David Kuiper

    Vice president, Northpointe Bank, Holland, Michigan

    Mortgage interest rates remain extremely attractive right now, but we don't want to get too complacent thinking that they'll remain at this level forever. Continuing economic challenges, both domestic and foreign, have resulted in the bond market (where interest-rate pricing is derived from) as the beneficiary. Contact your local mortgage professional to see how you can take advantage of the lowest level that interest rates have been in nearly 18 months.

  • 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

    Look for rates to remain favorable throughout the coming week. While mortgage-backed securities have received a bit of a favorable bump following the Fed announcement, it should primarily bring stability to what has been a volatile week in trading and rates.

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