Mortgage Rate Trend Index Unchanged: Oct. 1, 2015
Will rates go up, down or remain unchanged?
Sales manager, Fairway Independent Mortgage, Silverdale, Washington
Stay right here! That is what we are all hoping for. Well, at least when it comes to mortgage rates. The bond market has done well in the wake of the Fed's not moving interest rates. We are currently holding just slightly above the 200-day moving average. This is huge! If we can do this and stay here, interest rates have some nice room to move in a favorable direction. I say float at this time!
Senior loan officer, RPM Mortgage, San Francisco
The daily tech is nearing the end of a bullish cycle (higher prices, lower yields), while the weekly cannot decide which way it is going. The current Treasury market displays high volatility driven by uncertainty as to the state of the domestic economy and bigger questions about the world economy. Not an easy time for forecasting.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Nervousness about the health of the global economy has kept, and will keep, mortgage rates low.
President, Americana Mortgage Group, Manhasset, New York
Rates are flat.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
We have had a nice rally recently. With each most recent attempt to improve from where we are now, we have been dragged back higher. We will have to see where the employment numbers roll out, but I'm not expecting anything robust. If numbers are light, we could improve.
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