mortgage

Mortgage Rate Trend Index Up: Aug. 24, 2016

Will rates go up, down or remain unchanged?

  • Greg McBride, CFA

    Greg McBride, CFA

    Chief financial analyst, Bankrate.com

    Financial markets have been unbelievably calm and now all eyes will be on Janet Yellen's Friday speech in Jackson Hole, Wyoming. That seems likely to spur some action in markets.

  • Shashank Shekhar

    Shashank Shekhar

    CEO, Arcus Lending Inc., San Jose, California

    The big movement in the rate this week could come from Federal Reserve Board Chair Janet Yellen's statement on Friday. My feeling is that the statement will indicate the Fed plan to increase the (federal funds) rate at least once this year. And that should push the mortgage rates up.

  • Brett Sinnott

    Brett Sinnott

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

    Markets have remained calm over the past few weeks as no major economic event has occurred and overall global tensions have stayed in check for the time being. The Fed is taking a hard look at possibly raising interest rates before the end of the year, with 8 regional banks on board for at least an increase of 0.25%.  Although this is a strong majority, the New York Fed has not changed its stance, which tends to be the standard for how the overall policy will be conducted. The purchase season ended with a slight rush, as interest rates continue to remain near record lows, housing prices continue to increase, which has slightly slowed the market in certain metropolitan areas. 

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