Mortgage Rate Trend Index Up: April 28, 2016

Will rates go up, down or remain unchanged?

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    Prince recently passed away, and today's theme regarding rates is in his honor. "When Doves Cry": We have a Fed chairman who is extremely dovish. It's easy to tell where she stands based on how mortgage rates are responding. Also, Apple, Chipotle and Twitter came in with bigger misses then a DeAndre Jordan free-throw trip. As a result, the Dow Jones is down a bit. That has assisted rates in making a mild recovery from its losses. I'd consider locking your loan. I anticipate rates going up in the coming weeks.

  • Dick Lee

    Dick Lee

    President, Independent Mortgage, Newton, Massachusetts

    Look for rates to climb a tad this week as the Fed is entering their 2-day meeting. With MBS trading in between the floor and the ceiling and no indication that the Fed will raise rates, the mortgage rates will inch up a bit.

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    Both the daily and weekly techs are bearish (lower prices, higher yields). This should send rates higher. Also, the monthly tech is forming a very bearish pattern, which is forecasting higher yields for at least 6 months.

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