mortgage

Mortgage Rate Trend Index Up: Nov. 30, 2016

Will rates go up, down or remain unchanged?

  • Shaun Guerrero

    Shaun Guerrero

    Branch manager, Alterra Home Loans, Silverdale, Washington

    On the rise ... or as Jay Z says, "All The Way Up!" Home prices jumped 5.5 percent over the past year. The record caps a four-year recovery from the trough of 2012, when prices sat 27 percent below the peak, per the Wall Street Journal. However, rates are also heading that direction and fast. Please lock in your rates. Five-percent interest rates are also in sight.

  • Holden Lewis

    Holden Lewis

    Assistant managing editor, Bankrate.com

    Mortgage rates have been rising for weeks, and eventually they'll stop. But not this coming week. A positive November employment report, plus the upcoming Fed meeting, will push mortgages a little higher.

  • Dick Lepre

    Elizabeth Rose

    Branch Manager, Movement Mortgage, Dallas

    Expect continued volatility to put pressure on mortgage rates. Mortgage bonds were in the process of attempting a recovery. However, some decent economic and global news the past few days have put a damper on those improvements. There are hints of inflation via personal incomes, and inflation is the archenemy of bonds. And Friday will be big with the release of the jobs report. ADP gave us a glimpse and it was better than expected. A better-than-expected jobs report will hurt bonds. On the technical side, mortgage bonds are trading in a pretty wide range and there is more risk for rates moving higher than there is the possibility of the reward in rates moving lower. Strap on your seatbelts.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    Everything that can go wrong for mortgage rates is going wrong. ADP payroll numbers were much stronger than expected, OPEC seems to have agreed to a 1.2 million barrel production cut, personal income has jumped and latest GDP numbers are strong. All of this, combined with general sentiment against mortgage-backed securities (MBS), points toward a higher rate this coming week and probably for the next few months.

  • Brett Sinnott

    Brett Sinnott

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

    Stocks continue to rally after the Trump victory, which has placed constant pressure on Treasuries and moved the 10-year to levels not seen over the past year. Pending home sales slowed drastically in October, which tends to occur in the winter months. The larger question is the remainder of the year in the current rate environment. The global economy still remains cloudy, with China enduring a rather large outflow of foreign reserves, OPEC determining production cuts, and Italy working its way back into the news.

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