Mortgage Rate Trend Index Up: Aug. 14, 2014
Will rates go up, down or remain unchanged?
Shaun GuerreroSales manager, Fairway Independent Mortgage, Silverdale, Washington
In the words of the late, great actor/comedian Robin Williams: "Never pick a fight with an ugly person; they've got nothing to lose." If you're buying or refinancing in the next 15 days, I advise you lock in your interest rate. On Monday, the Senior Loan Officer Opinion Survey was released by the Federal Reserve. The report expressed growth in prime lending, but was weak in all other areas. The Middle East situation continues to play a variable role in the markets. In other words, things could get ugly quick, real quick. So locking seems wise.
Greg McBride, CFAChief financial analyst, Bankrate.com
The risk over the coming week is that an inflation scare from the PPI or CPI could jolt rates out of their summer lull.
Shashank ShekharCEO, Arcus Lending Inc., San Jose, California
I think the rates will go up one week from now.