Mortgage Rate Trend Index Down: Aug. 23, 2017
Will rates go up, down or remain unchanged?
Former Dallas Fed chief economist, founding director of SMU's O'Neil Center for Global Markets & Freedom
Factors generally are acting to drive mortgage rates down slightly from earlier weeks. Inflation remains subdued, economic growth is slow, and an excess of savings globally is providing ample cash to keep rates low.
Senior loan officer, AMC Lending Group, Irvine, California
So we have a lot noise politically but not a lot action. Typically I would say unchanged here because that has been the trend in these tight channels on the 10 year yield. However, at 2.18% 10-year print, we are awful close to that key level of 2.14% and if we can close below that with a stock market sell off that should help rate pricing. The key is this nasty line of 2.14%, it has held up everything this year!