mortgage

Mortgage Rate Trend Index Up: June 23, 2016

Will rates go up, down or remain unchanged?

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    In both sports and finances, the sure things aren't always the things that happen. The Golden State warriors were a lock. When it comes to finances, we live in a world where economic and technical factors should for the most part be predictable. Thanks to a few new twists that had the market adjust in a direction that doesn't look to be favorable for homebuyers. If I am closing a loan in 3 weeks, I am taking my talents to a locking stance. Rates could go up faster than "LeBron Please Stay" T-shirts in the near future.

  • Dick Lepre

    Dick Lepre

    Senior loan officer, RPM Mortgage, San Francisco

    The daily stochastic tech turned bearish (lower prices, higher yields) and we should see higher rates until late in the week of on July Fourth. Markets may react unpredictably to the Brexit vote but that will likely last 24-48 hours.

  • Holden Lewis

    Holden Lewis

    Assistant managing editor, Bankrate.com

    I'm going out on a limb and guessing that the Brexit vote will come up short, and the United Kingdom will remain in the European Union, and investors will sell bonds and buy stocks. tl;dr: Mortgage rates rise, and so do stock prices.

  • Greg McBride, CFA

    Greg McBride, CFA

    Chief financial analyst, Bankrate.com

    Markets will breathe a sigh of relief once the Brexit vote is out of the way and with the knowledge that Janet Yellen is not itching to raise interest rates right away.

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Holden Lewis

Brexit means lock your mortgage rate ASAP

Lock your mortgage rate now because today's rate plunge might not last long. That's today's advice from mortgage brokers and loan officers.  ... Read more

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