Mortgage Rate Trend Index Up: April 17, 2014
Will rates go up, down or remain unchanged?
Derek EgebergBranch manager, Academy Mortgage, Yuma, Ariz.
The market is slowly moving higher on what appears to be lower volumes. Simply put, as mortgage applications decrease, rates to the investors will increase.
Jim SahngerMortgage planner, Schaffer Mortgage, Palm Beach Gardens, Fla.
After a nice two-week rally in bond prices and interest rates, I expect that rates should remain the same to slightly higher. There is little ahead in the form of economic data that will impact traders' decisions to buy or sell, so rates will likely react based on action in the stock markets.