Mortgage Rate Trend Index Unchanged: July 17, 2014
Will rates go up, down or remain unchanged?
Michael BeckerMortgage banker, WCS Funding Group, Baltimore
Treasury yields and mortgage rates are still rangebound. I'm not sure what it will take to move rates out of their current range, and because of this I am voting for rates to hold steady in the coming week.
Polyana da CostaSenior mortgage reporter, Bankrate.com
Rates seem to be ignoring market factors that normally influence rates. I think they will remain stable until the Fed decides it's time for rates to rise.
Dick LepreSenior loan officer, RPM Mortgage, San Francisco
The daily tech is bullish (higher prices, lower yields), while the weekly is bearish. We may have already seen the improvement in rates in this daily cycle. The next big thing is second-quarter GDP on July 30. The horrible first-quarter GDP has been dismissed as weather-related, indicating just how seriously in denial we are about the health of the economy. With first-quarter revised down so much, the chance of a negative second quarter and a technical recession is very small.
Holden LewisAssistant managing editor, Bankrate.com
The Federal Reserve strongly influences mortgage rates, and the Fed seems to have parked rates where it wants them to be -- especially in the run-up to the next Fed meeting at the end of the month.
Bob MoultonPresident, Americana Mortgage Group, Manhasset, New York
Rates are flat.
Jim SahngerMortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
Rates have crept marginally higher, but that should stop soon. Look to see moderation and the potential for them to creep down a bit. Enjoy the ride, though, while it is at hand. While we don't know when, we do know that rates will, at some time, start to run back up and if you could stand to benefit from a refinance or purchase a new home, don't wait.