mortgage

Mortgage Rate Trend Index Up: June 25, 2015

Will rates go up, down or remain unchanged?

  • Shaun Guerrero

    Shaun Guerrero

    Sales manager, Fairway Independent Mortgage, Silverdale, Washington

    "My Big Fat Greek Roller Coaster." So, Greece, are you in the eurozone or are you out? Are your banks opening or not? On June 19, we received a large improvement in rates. That was when Greek comments came out that there may be issues on Monday. Monday came and, well, they struck a deal. Now there might not be a deal. I say lock because the trading range for bonds has a ton of room to improve and fall. I am not waiting in line for this roller-coaster ride. Lock in, folks; if you do float, be prepared for some barrel rolls.

  • Holden Lewis

    Holden Lewis

    Assistant managing editor, Bankrate.com

    I expect positive economic news to keep coming, pushing mortgage rates upward. The June employment report will be released July 2 (a day early), and it will preserve the upward momentum.

  • Greg McBride

    Greg McBride, CFA

    Chief financial analyst, Bankrate.com

    The better tone of economic data could push mortgage rates higher.

  • Logan Mohtashami

    Logan Mohtashami

    Senior loan officer, AMC Lending Group, Irvine, California

    The trend is higher as long as the 10s have higher highs and higher lows: 2.4% 10s pricing on Wednesday. Key levels under were broken 2.35% and 2.29%, and we have had a sharp rise in yields. Key short term: the European drama and Greece. Tomorrow the tape will be interesting.

  • Crissinda Ponder

    Crissinda Ponder

    Mortgage reporter, Bankrate.com

    Mortgage rates will continue an upward trend.

  • Brett Sinnott

    Brett Sinnott

    Director of secondary marketing, CMG Financial, San Ramon, California

    The Fed was extremely predictable and held their current position of rates, possibly increasing toward the end of the year. But without any timetable release, many still question whether they will hold true to that belief. The economy continues to send mixed signals with most of the information leaning toward the positive. This has created an atmosphere in which the market is pushing rates higher independent of Fed intervention/insight. As I have stated several times before, Greece is yet again up against a deadline in its effort to borrow money to pay off previously borrowed money. The hope is that if this endless circle should end, the market has accounted for the default, leaving little to no effect as a result.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

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

Blog

Crissinda Ponder

Greek crisis: Good for mortgage rates?

Greece is on the verge of default, which is affecting global markets. What does this mean for mortgage rates?  ... Read more

advertisement
Partner Center
advertisement

Connect with us