Mortgage Rate Trend Index Down: Jan. 11, 2017
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
Both the daily and weekly techs are bullish (higher prices, lower yields). We should have another week of slightly lower yields and rates until the daily tech reverses. We should see a bottom on the 10-year yield at about 2.25 percent.
Mortgage reporter, Bankrate.com
An erratic president can't be good for economic growth.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
Interest rates were taken to the woodshed following the election. However, since mid-December, rates have been gradually improving and should likely continue to do so. Look for rates to be unchanged to slightly lower over the coming week.