Mortgage Rate Trend Index Up: Jan. 29, 2015
Will rates go up, down or remain unchanged?
Greg McBride, CFA
Chief financial analyst, Bankrate.com
The eventuality of a Fed rate hike will lead to a slight uptick in rates this week before the focus reverts back to the broader global economy.
CEO, Arcus Lending Inc., San Jose, California
Two big news events that are lined up this week could have a major impact on the rates: Fed meeting announcement and GDP numbers. A strong GDP growth will send the mortgage-backed securities yield lower, pushing the mortgage rates higher.