Mortgage Rate Trend Index Unchanged: July 17, 2014

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Mortgage 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 Costa

    Polyana da Costa

    Senior mortgage reporter,

    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 Lepre

    Dick Lepre

    Senior 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 Lewis

    Holden Lewis

    Assistant managing editor,

    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 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

    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.


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