Mortgage Rate Trend Index Down: March 22, 2017
Will rates go up, down or remain unchanged?
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.
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
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.
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.
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.
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%.