Mortgage Rate Trend Index Up: July 24, 2014
Will rates go up, down or remain unchanged?
Jim SahngerMortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
Next week brings a lot of economic reports that can impact mortgage rates. While I don't expect that any of them should be hot enough to move the market in a big way, it wouldn't surprise me to see traders back away until we have the reports behind us.
That said, the decline in rates we saw this week was once again from something unexpected: the geopolitical situation overseas. So, enjoy the low rates while we can and lock your rate if you haven't already done so. If you are thinking of refinancing, get busy.