Mortgage Rate Trend Index Up: Aug. 27, 2015
Will rates go up, down or remain unchanged?
President, Independent Mortgage, Newton, Massachusetts
With the insane roller coaster of a ride in all markets, we are seeing the losses climb back to almost flat levels. Mortgage rates will rise as the market stabilizes.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
As markets settle, bond yields and mortgage rates will rebound.
Senior loan officer, AMC Lending Group, Irvine, California
Wow, a lot happened since last week with Yellen talking points and the stock market tanking, sending yields to an intraday low of 1.9%. Right now, we are 2.12% for 10-year Wednesday morning pricing.
Mortgage planner, Schaffer Mortgage, Palm Beach Gardens, Florida
Rates have seen quite a run in the last week. While essentially unchanged from last Wednesday, there has been incredible volatility on a day-to-day and hour-to-hour basis. The overall trend at the moment unfortunately points to somewhat higher rates next week.
CEO, Arcus Lending Inc., San Jose, California
Treasuries and mortgage-backed securities have not benefited from the equity market plunge, as would have been expected. And that doesn't augur well for mortgage rates. If the rates didn't improve even with such a beating in the stock market, there is very little reason to believe they're going to move down this week.
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