mortgage

Mortgage Rate Trend Index Up: Jan. 18, 2017

Will rates go up, down or remain unchanged?

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    Let's go with a couple of bullet points. Upcoming, we have the inauguration of a new president, news of inflation hitting the marketplace, interest rates are at a quarter percent year over year and we have seen that the FHA is making mortgages more affordable by reducing its annual insurance premium. What does all this mean? A lot of volatility in the market. With that said, I estimate that rates will change course from their negative direction about as much as Bill Belichik changes his facial expressions. Your best bet is to lock your loan ahead of rising rates.

  • Dick Lepre

    Elizabeth Rose

    Branch Manager, Movement Mortgage, Dallas

    The Fed has been trying to ignite inflation for quite some time and the important CPI report shows us inflation is beginning to creep up. The latest report shows CPI at 2.1 percent. This is the fastest pace since 2014. Inflation is the arch enemy of mortgage bonds and puts pressure on a move lower. This translates to higher rates.

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