Mortgage Rate Trend Index Up: Oct. 8, 2015

Will rates go up, down or remain unchanged?

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    The daily tech turned bear bearish (lower prices, higher yields) on Oct. 6. The weekly is still bullish and will minimize any increase in Treasury yields and mortgage rates. There is still annoying volatility in the Treasury markets.

  • Greg McBride

    Greg McBride, CFA

    Chief financial analyst,

    Mortgage rates dropped following the disappointing employment report, but they've bottomed out and now it is time to move slightly higher.

  • Logan Mohtashami

    Logan Mohtashami

    Senior loan officer, AMC Lending Group, Irvine, California

    We had a key test of the 2% line last week after the soft jobs report. The line held and the currency market is acting better, while the Fed rate hike might be away, we might have seen an intraday low last Friday in the short term.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    Even with weak economic news, mortgage rates haven't gone down much. It shows a generally negative bias toward mortgage-backed securities (MBS). With not much economic news expected this week, expect the MBS to go down in price and the mortgage rates to go up.

  • Brett Sinnott

    Brett Sinnott

    Vice president of capital markets, CMG Financial, San Ramon, California

    The turmoil caused by the Fed's decision not to raise interest rates has subsided and markets are again attempting to normalize as the possibility of a rate increase in 2015 is dwindling. Mortgage applications skyrocketed due to a combination of lower interest rates and new reforms that took effect Oct. 3 regarding borrower disclosures. Global pressure continues to remain high as Russia is increasing its military presence in the Middle East, while China continues to deal with its internal slowdown.

Find and compare the latest mortgage rates for you in your area.


Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Crissinda Ponder

Student debt is a homebuying obstacle

More than half of consumers say student loan debt is at least somewhat of an obstacle to buying a home, according to a new survey.  ... Read more

Partner Center

Connect with us