mortgage

Mortgage Rate Trend Index Up: Sept. 25, 2014

Will rates go up, down or remain unchanged?

  • Derek Egeberg

    Derek Egeberg

    Branch manager, Academy Mortgage, Yuma, Arizona

    As the Fed continues to shrink the mortgage-backed securities program, rates will drift higher.

  • Shaun Guerrero

    Shaun Guerrero

    Sales manager, Fairway Independent Mortgage, Silverdale, Washington

    In Seattle, when fall starts, the rain returns. Apparently the forecast works for home loan rates, too. Sept. 18-23, mortgage rates steadily improved; on the 24th it rained. Get out your umbrella and lock your interest if you are closing in the next 20 days. If it is longer, the financial forecast has some clearing ahead. Keep in mind, talk of "inflation" is what dark clouds are made of. If you hear it, rates could go from raining to "hail" in a handbasket, quick.

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    The weekly tech is bearish (lower process, higher yields) and calling for slightly higher rates.

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