Mortgage Rate Trend Index Up: June 21, 2017
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
The daily is bullish (higher prices. Lower yields) but is overbought and due to correct. This could happen in the coming week and send yields higher.
Vice president of capital markets, CMG Financial, San Ramon, California
Fortunately for mortgage rates, markets seem to have accounted for the recent Fed increase and with rumors that the next move might not occur until late Q3, most can expect to see rather tame movement in rates for the near term. This should give a noticeable boost to the start of the summer season and what is traditionally the busy time for home purchases.