Mortgage Rate Trend Index Unchanged: Aug. 16, 2017
Will rates go up, down or remain unchanged?
Senior loan officer, AMC Lending Group, Irvine, California
The stock market refuse to have a 5 percent selloff and thus any real strong move into bonds is being prevented. So the channel levels of 2.14 percent to 2.42 percent right on the 10 year sticks.
Branch Manager, Movement Mortgage, Dallas
Mortgage rates have been hovering near the lowest point seen this year, but the positive direction for bonds has stalled. Bonds rally in response to negative global and economic news. As tension with North Korea fades, coupled with some positive economic data, mortgage bonds could have a tough time getting better. Currently, bonds are stationed just above a strong floor of support. As long as this floor holds, mortgage rates should remain unchanged.
Vice president of capital markets, CMG Financial, San Ramon, California
Even with the political gridlock and ever-widening division between government parties, mortgage rates have been able to avoid any major disruptions and remained relatively calm for almost all of the summer. Multifamily housing saw a major drop in confidence over the last month, possibly indicating that there could be an oversupply in the marketplace. The Fed is still contemplating another rate increase in December and is still expected to release a plan in regards to balance sheet correction when they meet next month. Unfortunately, it is difficult to tell whether or not it would be positive or negative.
Branch manager, Alterra Home Loans, Silverdale, Washington
Rates will remain unchanged for the most part, mainly due to strong support levels, despite a turbulent geopolitical atmosphere.