Mortgage Rate Trend Index Up: Nov. 20, 2014
Will rates go up, down or remain unchanged?
Branch manager, Academy Mortgage, Yuma, Arizona
Rates are trending higher as the stock market continues to remain strong. Look for rates to continue that slide through the end of the year.
Sales manager, Fairway Independent Mortgage, Silverdale, Washington
Deep freeze has swept certain parts of the country -- apparently the stock market didn't get the memo. On Tuesday, the Dow and the S&P closed at record highs. As we know, good news in stocks means a bitter cold forecast for mortgage rates. We remain near support levels for mortgage rates; however, I do advise, as the Fed minutes approach, to stay inside and lock your interest rates.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
If investors get spooked by something in the Fed minutes, we'll see rates move up.
CEO, Arcus Lending Inc., San Jose, California
Next week, bond markets will be closed for a long Thanksgiving break. Usually before long weekends, investors tend to hedge the risk and move the mortgage-backed security price lower, resulting in higher mortgage rates. But, as I have maintained for several weeks, don't expect anything dramatic. Any change will be minor.