mortgage

Mortgage Rate Trend Index Down: Nov. 30, 2016

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    As I write this, Treasury yields and mortgage rates are rising on news that OPEC has agreed to oil production cuts. This is sending crude oil higher, which should add to increasing inflation expectations. Rates are creeping higher as a result. I don't expect that this spike will last, as Treasury yields are already the most oversold in years. I expect a slight rally in the coming week leading to slightly lower rates.

  • Logan Mohtashami

    Logan Mohtashami

    Senior loan officer, AMC Lending Group, Irvine, California

    Last week, 10-year yields got to 2.38 percent, Tuesday pricing was 2.29 percent and Wednesday pricing was battling at 2.38 percent again. This has been an epic battle post the key break above 2.27 percent on the 10-year, we haven't had much selling after that close at 2.34 percent. However, the market doesn't want to buy bonds or sell off bonds, either, in a meaningful manner.

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