Mortgage Rate Trend Index Unchanged: July 19, 2017
Will rates go up, down or remain unchanged?
Senior loan officer, AMC Lending Group, Irvine, California
We have a clear new defined channel now from 2.14% - 2.42% on the 10-year treasury yield which is lower than the 2.27% to 2.62% channel we were stuck in for a large part of the year. Currently at 2.26% on the 10-year, oil has held above that key $43 level but if that snaps I still believe rates can go lower and the 10 year yield have a one handle.
CEO, Arcus Lending Inc., San Jose, California
It's a tricky week to predict mortgage rates since some geopolitical news can go either way. Both US-China trade talk and policy release by Bank of Japan and European Central Bank (ECB) can have some impact on the rates. Surprisingly though, the market hasn't shown much reaction to the health care bill fall out. Even with some intra-day volatility, the rate should remain largely unchanged this week.