Mortgage Rate Trend Index Unchanged: March 26, 2015
Will rates go up, down or remain unchanged?
Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland
The Fed really calmed bond markets last week. While removing the word "patient" in regard to raising short-term interest rates from their statement, Janet Yellen said that didn't mean the Fed would become impatient when considering when to raise short-term rates. That comment, and the forecasts from the Fed that showed a slowing or moderating economy, has led to a nice rally in bonds and lower mortgage rates this week. While I think rates have further to fall in the coming months, I think we will see steady rates in the coming week, considering how much rates have dropped in the last month.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
The market doesn't see the Fed raising interest rates anytime soon.
President, Americana Mortgage Group, Manhasset, New York
Rates are stable.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
Look for rates to take a bit of a break on their track down. Recent economic data continues to favor a low-rate environment, but we have had quite a run and it may be time to regroup before rates drop even lower.
CEO, Arcus Lending Inc., San Jose, California
Rates improved most of last week on slower economic forecast by the Fed. However, it has reached a point where we will see some correction from the market. There is not much in news from now till next Wednesday to suggest any major movement in mortgage rates.
Director of secondary marketing, CMG Financial, San Ramon, California
After last week's surprise rally in which mortgage rates deteriorated even though the Fed indicated an impending rate increase, the markets have stabilized as no major economic news has stirred movement. Greece still remains in the forefront of all international talk, but is no longer having the effect it once did, as many have prepared for their eventual euro exit.