mortgage

Mortgage Rate Trend Index Up: April 26, 2017

Will rates go up, down or remain unchanged?

  • Michael Becker

    Michael Becker

    Branch manager, Sierra Pacific Mortgage, White Marsh, Maryland

    Mortgage rates have been climbing since the results of the French election were announced. Markets have turned from risk-off to risk-on because the candidate most likely to win the final round of voting for French President on May 7, Emmanuel Macron, is in favor of France staying in the European Union. The concern that the anti-EU candidate, Marine Le Pen, would win the election had been a big reason for the risk-off mode in markets in recent weeks. With the risk-on trade in full swing, I only see that continuing in the coming week with Trump set to announce a tax cut plan. Because of this I see bonds continuing to sell off and mortgages continuing to rise.

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    Market conditions have caused the bond market to sit down, and be humbled. Lock your rates based on the negative technical trends we are currently experiencing.

  • Greg McBride, CFA

    Greg McBride, CFA

    Chief financial analyst, Bankrate.com

  • Greg McBride, CFA

    Greg McBride, CFA

    Chief financial analyst, Bankrate.com

    Text

  • Katy Parsons

    Katy Parsons

    Mortgage originator, Finance of America Mortgage, Portland, Oregon

    I think we will see rates trending higher this week.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    Trump's proposed tax cuts and generally better-than-expected corporate earnings are driving equity markets higher. Money is moving back into risk, turning the bond and mortgage markets lower, resulting in higher mortgage rates. That trend is likely to continue this week.

advertisement


Connect with us