Mortgage Rate Trend Index Down: Feb. 22, 2017
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
The daily tech is about to turn bullish (higher prices, lower yields and rates) while the weekly is also bullish. Look for slightly lower rates in the coming week.
Mortgage reporter, Bankrate.com
I just read the Federal Reserve's minutes of its last meeting. I get the impression that the monetary policymakers are looking for justifications to raise short-term interest rates. The iffy prospect of a rate hike at the Fed's meeting might send mortgage rates down. Look at history and you'll see that mortgage rates sometimes move in the opposite direction from the Fed's rate moves.