mortgage

Mortgage Rate Trend Index

 
 

Will rates go up, down or remain unchanged?

Dick LepreDick Lepre
Senior loan officer, RPM Mortgage, San Francisco
The present state of Treasuries is a serious overreaction to QE and is a bet on the fact that we are about to have inflation well above recent levels. Producer Price Index was above expectation, but Consumer Price Index was well-contained. Markets are driven by more uncertainty than usual. It is hard to form an idea of what will happen with the economy and harder still to fathom what others will do. We are at a point where we have seen a very substantial increase in Treasury yields and mortgage rates driven by the notion that inflation is about to happen. This selloff has broken through all technical support levels, and what we will need is continued containment of inflation to knock yields down again.
 
advertisement

          Connect with us
advertisement
advertisement

Blog

Stephen Pounds

World’s costliest home on market at $1.1B

For a cool $1.1 billion, you can own Villa Les Cedres (the cedars) in the billionaires' holiday town of Saint-Jean-Cap-Ferrat, near the city of Nice.  ... Read more

advertisement

Connect with us