Mortgage Rate Trend Index Unchanged: July 26, 2017
Will rates go up, down or remain unchanged?
Mortgage Loan Officer, Grande Financial, Maumee, OH
Senior loan officer, RPM Mortgage, San Francisco
The techs offer no direction. The daily is bullish (higher prices, lower yields) but the weekly is bearish. Apart from the techs, equity markets are acting as if all is well and that hurts Treasuries somewhat.
Senior loan officer, AMC Lending Group, Irvine, California
Wednesday pricing on the 10-year yield before the Fed announcement is 2.32% We are swinging back and forth from 2.14% - 2.42% on the 10 year yield which is a lower channel than the previous one of 2.27% to 2.62% on the 10 year treasury yield. So, to break under 2.14% you need oil to break below 43% and that hasn't happened yet. Above 2.42% you need global yields to sell off more as inflation rate of growth is falling now in the U.S.
President, Americana Mortgage Group, Manhasset, New York
Rates are stable.