mortgage

Mortgage Rate Trend Index Up: June 21, 2017

Will rates go up, down or remain unchanged?

  • Dick Lepre

    Dick Lepre

    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.

  • Brett Sinnott

    Brett Sinnott

    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.

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