Mortgage Rate Trend Index Up: Sept. 3, 2015
Will rates go up, down or remain unchanged?
Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland
Mortgage rates for the most part have been rising since last Monday's stock market sell-off. This despite mostly soft economic reports. The economic data should be supporting Treasury and bond yields, but I think that is being trumped by concern over an approaching rate hike by the Fed and the news that China and emerging markets have been selling U.S. Treasuries. August's job report is being released on Friday, and that has generally pushed rates higher, so that combined with the selling of Treasuries by foreign governments will push rates higher in the coming week.
President, Independent Mortgage, Newton, Massachusetts
Mortgage rates will rise this week as the markets continue to find stability.
Senior loan officer, AMC Lending Group, Irvine, California
10-year Treasury pricing 2.18%. Even with the market wild rides, we aren't anywhere near the low intraday print of 1.9% of 2 Mondays ago.
The world has thrown everything it can to try to push yields lower, and it's been holding up well.
The U.S. domestic story is the best in the world for a mature economy. :-) USA!
Mortgage reporter, Bankrate.com
Rates will resume their general trend of moving higher.
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