Mortgage Rate Trend Index Unchanged: Aug. 27, 2015
Will rates go up, down or remain unchanged?
Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland
Volatility in stock markets is showing up in bond markets as well, although in a somewhat lesser degree. When stocks sold off in dramatic fashion on last Friday and this Monday, Treasury yields and mortgage rates improved, but only slightly. When stocks found a floor after their sell-off, we saw a small spike in rates. I believe this volatility will continue as markets try to discern whether the Fed will hold off raising rates until global stock markets calm down. I would recommend locking your loan any time pricing improves, since it seems likely that this volatility will continue. I expect mortgage rates to go up and down over the next week, but overall they will be flat in the coming week.
Assistant managing editor, Bankrate.com
Day-to-day volatility could end up with little change in rates a week from now.
President, Americana Mortgage Group, Manhasset, New York
Rates are stable.
Mortgage reporter, Bankrate.com
Mortgage rates will hold steady.
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