Mortgage Rate Trend Index Unchanged: April 24, 2014
Will rates go up, down or remain unchanged?
David KuiperVice president, Northpointe Bank, Holland, Mich.
Interest rates remain very favorable, improving ever so slightly over last week. The economy continues to chug along very slowly, with mixed positive and negative economic data being released. The "push-pull" of this news allows for some intraday volatility, but overall they balance each other out. We certainly don't want to become complacent, though, as one of these days we'll start getting only positive news and rates will move upward sharply and without warning.
Bob MoultonPresident, Americana Mortgage Group, Manhasset, N.Y.
Rates are stable.