Mortgage Rate Trend Index Up: July 30, 2015
Will rates go up, down or remain unchanged?
President, Independent Mortgage, Newton, Massachusetts
Rates will creep up a tad, with the Fed's meeting and no signs of any rate hikes. The bond market could be poised for a small sell-off.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
The Fed's dovish statement notwithstanding, if we see upbeat economic data in the next week this will push mortgage rates higher.
Senior loan officer, AMC Lending Group, Irvine, California
2.27% on the 10-year Treasury. Oil has been crushed recently and deflation is showing itself with copper as well. Yellen talked and not much happened on short end of rate curve. The 2-year Treasury barely moved. However, it's clear to the marketplace that the Fed is going to move one way or another in the next 6 months.
Mortgage reporter, Bankrate.com
Mortgage rates will inch up in preparation for the Fed's first federal funds rate hike later this year.