Mortgage Rate Trend Index Up: Sept. 27, 2017
Will rates go up, down or remain unchanged?
President and Chief Economist, Naroff Economic Advisors, Holland, PA
Greg McBride, CFA
Chief financial analyst, Bankrate.com
The Fed is conditioning markets for further tightening - by both shrinking the balance sheet and hiking short-term rates again before year-end.
Branch Manager, Movement Mortgage, Dallas
Mortgage bonds have slipped through a support level following positive news out of Washington regarding tax reform. With “no bad days” in news, it’s hard to see any improvement in mortgage rates. The silver lining is there is a dual floor of support just below, which should catch mortgage bonds from a severe drop.
CEO, Arcus Lending Inc., San Jose, California
Comments - Mortgage rates are now at the highest level since June of this year. The tax reform bill outline will further pressure mortgage-backed securities since the market believes that the bill would help more rapid growth. Remember good news for the economy is usually bad news for mortgage rates.