Mortgage Rate Trend Index Up: July 27, 2016
Will rates go up, down or remain unchanged?
Senior loan officer, RPM Mortgage, San Francisco
The daily and weekly techs of the 30-year Treasury future are bearish (lower prices, higher yields.) Slightly higher rates for several weeks.
Greg McBride, CFA
Chief financial analyst, Bankrate.com
Mortgage rates will continue slowly clawing back the post-Brexit decline, especially with the Federal Reserve's upbeat economic assessment. The Fed added these descriptions of the economy in the most recent statement: "strengthened," "strong," "increase," and "growing strongly," all of which indicate a September rate hike is on the table.
Mortgage originator, Finance of America Mortgage, Portland, Oregon
Move up a smidge.