Mortgage Rate Trend Index Up: Dec. 5, 2013
Will rates go up, down or remain unchanged?
Michael BeckerMortgage banker, WCS Funding Group, Baltimore
With the better-than-expected ADP payroll report, Treasury yields and mortgage rates are continuing their rise of the last week. Should the nonfarm payroll number surprise to the upside as well, we will be looking at even higher rates in the coming week. I am therefore voting for higher rates in the coming week.
Polyana da CostaSenior mortgage reporter, Bankrate.com
The jobs report that comes out on Friday might push rates up for a few days.
Derek EgebergBranch manager, Academy Mortgage, Yuma, Ariz.
Unemployment numbers, revised for the better, look to drive rates higher.
Greg McBride, CFASenior financial analyst, Bankrate.com
A strong jobs report could be the clincher for a December tapering.
Joe NunziataChairman and co-CEO, FBC Mortgage, Orlando, Fla.
Based on today's market movement and news from ADP showing stronger-than-expected employment figures, we believe rates will increase slightly in the coming week.
John WalshPresident, Total Mortgage Services, Milford, Conn.
I believe that rates are likely to rise in the coming week as solid employment data are likely perceived as increasing the chances of the Fed making a December tapering announcement.