mortgage

Mortgage Rate Trend Index Down: Sept. 20, 2017

Will rates go up, down or remain unchanged?

  • Robert A. Brusca

    Robert A. Brusca

    Chief Economist, Facts and Opinions Economics, NY, NY

    Rates lower.

  • Brett Sinnott

    Brett Sinnott

    Vice president of capital markets, CMG Financial, San Ramon, California

    The Fed has made it extremely clear what they plan to present in today’s meeting in regards to both balance sheet normalization as well as any potential rate hikes thru the remainder of the year. Existing home sales fell for the third month in a row, their lowest point in the past year. Many feel that this is a result of low supply but others would argue that affordability is again becoming an issue as the median price has increased year over year for 66 straight months, translating to roughly 5% higher than last year at this time.

  • Michael Cox

    Michael Cox

    Former Dallas Fed chief economist, founding director of SMU's O'Neil Center for Global Markets & Freedom

    Mortgages will be down slightly.

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