Mortgage Rate Trend Index Up: May 19, 2016

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    Mortgage rates unexpectedly spiked the last few days. It started with 2 Fed presidents giving speeches saying the June meeting was "live" for a rate increase on Tuesday, and continued with the release of the Fed minutes on Wednesday. Those minutes showed that most Fed officials saw a June rate hike "likely" if the economy warranted it. This should put continued pressure on mortgage rates in the coming week as the market prices in an increased chance the Fed raises rates at its June meeting.

  • Derek Egeberg

    Derek Egeberg

    Branch manager, Academy Mortgage, Yuma, Arizona

    The slight market weakness in bonds is the result of the equity markets continued strength. Look for rates to continue to slide higher.

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    Fed comments causing a backlash worse than imagined. I advise you to lock your loan.

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    The daily stochastic should turn bearish (lower prices, higher yields) and be in harmony with a bearing weekly tech. Look for higher Treasury yields and home loan rates in the coming week.

  • Greg McBride, CFA

    Greg McBride, CFA

    Chief financial analyst,

    The Fed's jawboning about a possible June rate hike has picked up, and markets are nervous about it.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    Mortgage-backed securities are under serious pressure as oil price continues to rise and bond trader sentiment is beginning to shift toward a June rate hike. The Fed meeting minutes are also indicating a June rate hike. All this means higher mortgage rate for consumers in the coming weeks.

  • Brett Sinnott

    Brett Sinnott

    Vice president of capital markets, CMG Financial, San Ramon, California

    The Fed is again threatening to raise rates in June given that it feels the economy is strong enough based on current data. Most believe the data is too mixed and that outside factors will ultimately lead the Fed to hold off on the increase. Should an increase occur, many are unsure of the effect on rates as the December increase caused a decrease in mortgage rates.

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