mortgage

Mortgage Rate Trend Index Down: March 22, 2017

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    This has lead to a sell-off in stocks and a rally in bonds, sending rates lower.  If the House of Representatives fails to pass the AHCA, I think the bond rally will continue and mortgage rates will continue to drop.  

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    Mortgage bonds are reacting positively to the choppy waters in the stock market. Rates have broken through a critical 50 day moving average. I encourage riding this “wave” of improving interest rates by floating.

  • Greg McBride, CFA

    Greg McBride, CFA

    Chief financial analyst, Bankrate.com

    Falling oil prices and the recent Fed hike help keep inflation in check and, along with some wobbliness in the stock market, it is all good news for mortgage rates.

  • Jim Sahnger

    Jim Sahnger

    Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida

    Bonds have improved quite a bit in the last week and look poised to improve further from here.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    After reaching a 3-year high, mortgage rate has mostly trended lower in the last week. Dropping oil prices and concerns over next week official Brexit are a few things helping its cause. The other thing helping mortgage bonds is the lower stock prices which are seeing the "Trump Bump" effect fading away.

  • Brett Sinnott

    Brett Sinnott

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

    Fortunately for the mortgage market the Fed increase was over anticipated and rates are starting to align in a move that is very similar to the first post crisis increase in December of 2015.  Home affordability still remains a key component as existing home sales for February fell further than the expected 2%.  

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