Mortgage Rate Trend Index Unchanged: May 21, 2015
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
I am saying "flat" only because I have no idea where rates are going. The Treasury market has been volatile and unpredictable. No one has a decent handle on what the economy is doing.
President, Americana Mortgage Group, Manhasset, New York
Rates are stable.
Director of secondary marketing, CMG Financial, San Ramon, California
The market has attempted to wrangle itself free of the Fed by spiking bond yields several times over the past two weeks, but unfortunately the Fed is just too involved for any momentum to stick. Minimal economic news has led to stagnant markets and the only major headline seems to be that Greece is headed for a complete default at some point in the near future.