Mortgage Rate Trend Index Up: June 23, 2016
Will rates go up, down or remain unchanged?
Branch manager, Alterra Home Loans, Silverdale, Washington
In both sports and finances, the sure things aren't always the things that happen. The Golden State warriors were a lock. When it comes to finances, we live in a world where economic and technical factors should for the most part be predictable. Thanks to a few new twists that had the market adjust in a direction that doesn't look to be favorable for homebuyers. If I am closing a loan in 3 weeks, I am taking my talents to a locking stance. Rates could go up faster than "LeBron Please Stay" T-shirts in the near future.
Senior loan officer, RPM Mortgage, San Francisco
The daily stochastic tech turned bearish (lower prices, higher yields) and we should see higher rates until late in the week of on July Fourth. Markets may react unpredictably to the Brexit vote but that will likely last 24-48 hours.
Assistant managing editor, Bankrate.com
I'm going out on a limb and guessing that the Brexit vote will come up short, and the United Kingdom will remain in the European Union, and investors will sell bonds and buy stocks. tl;dr: Mortgage rates rise, and so do stock prices.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Markets will breathe a sigh of relief once the Brexit vote is out of the way and with the knowledge that Janet Yellen is not itching to raise interest rates right away.