Mortgage Rate Trend Index Unchanged: Jan. 18, 2017
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
The daily tech on the 30-year Treasury bond future is about to downcross to bearish (lower prices, higher yields) but the weekly is still bullish. Let's call rates flat for the next week.
Vice president of capital markets, CMG Financial, San Ramon, California
Markets are again mostly quiet with moves in either direction seemingly counteracted the next business day and all eyes on the president-elect to see what agenda will take shape once he is sworn in.
Senior loan officer, AMC Lending Group, Irvine, California
Wednesday pricing at 2.36 percent, we haven't made a good clear test of the key 2.27 percent but have moved down from the recent highs of 2.60 percent. As always for now, this is wide channel between 2.27 percent and 2.62 percent. Both these levels are very crucial in terms of direction. Headline inflation hit 2 percent today for the first time in some time due to the rise in oil year over year.
President, Americana Mortgage Group, Manhasset, New York
Rates are stable right now.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
The time for change in the U.S. political landscape is now upon us. We shall have to wait to see how things ultimately shake out for us, but we do know that change of one type or another will occur over time. That said, I don't believe that we will see much change from this week to next within the bond and stock markets. If mortgage rates do change over the next week, look for them to be slightly higher following the hotter-than-expected inflation numbers recently released.