Mortgage Rate Trend Index Up: Oct. 30, 2014
Will rates go up, down or remain unchanged?
Branch manager, Academy Mortgage, Yuma, Arizona
With the Fed termination of the QE3 program, look for rates now to start to move higher, as expected.
Sales manager, Fairway Independent Mortgage, Silverdale, Washington
Fed says fed funds rate to remain low for considerable time period. Fed sees labor market improvement. It's official. The Fed ends QE3. I see rates finally starting to climb toward the upper 4s by the end of the year … unless the rumors QE4 start to ramp up. Lock your rates if you can.
Senior loan officer, RPM Mortgage, San Francisco
The short-term techs call for higher Treasury yield and mortgage rates for the next week, but we will see another bull cycle around year-end.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Rebounding equity markets, and some reassurance from the Fed, will keep a bit of upward momentum in rates over the next week.