Mortgage Rate Trend Index Down: Jan. 18, 2017
Will rates go up, down or remain unchanged?
Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland
Mortgage rates have continued to remain relatively stable over the last week. This may change with the inauguration set to take place. Many market participants think that after the inauguration we will have a sell-the-news situation. Meaning the stock and equity markets will see a sell-off. If that were to happen, bonds would rally and rates would drop. I think we will see a small drop in mortgage rates in the coming week.
Mortgage reporter, Bankrate.com
As we enter an era of uncertainty and instability, I expect a small drop in mortgage rates.
Greg McBride, CFA
Senior vice president and chief financial analyst, Bankrate.com
Nervous markets bring about further declines in mortgage rates.
CEO, Arcus Lending Inc., San Jose, California
Mortgage rates are currently slightly lower than where they were a month back. However, they have been flat for the last two weeks. Even with "clean Brexit" comments from UK Prime Minister and a tad weaker dollar, interest rates have moved in a very narrow range. I expect it to go down in the coming week, but the change might be so insignificant that the consumers may not even feel it.