“Adjustable-rate mortgages (ARMs) were more strongly affected by the latest Federal Reserve rate hike this week. However, mortgage rates continue to be extremely affordable and the outlook for the housing sector appears bright.”
Frank Nothaft
“Although mortgage rates ticked up this week, the 30-year mortgage rate -- apart from a brief two-week stint in March -- has stayed below six percent all year. As a result, the housing industry is likely headed for another record-breaking year.”
“Even with rising mortgage rates over the last four weeks, 30-year fixed-rate mortgage rates remain an historical bargain. To date, contract rates for these mortgages have been below 6 percent for 31 weeks in a row, and we don't expect these rates will rise very much above 6-1/4 percent by year end.”
Amy Crews Cutts
“Investors will become focused on the interest-rate differential story this week. Strong U.S. economic figures will reinforce the view the Fed will keep raising rates, giving a boost to the dollar.”
Yuji Saito
“It gives the Federal Reserve more leeway to cut rates, ... But I don't believe that a BOJ rate cut means that a Fed rate cut impends.”
John Lonski
“It gives the Federal Reserve more leeway to cut rates. But I don't believe that a BOJ rate cut means that a Fed rate cut impends.”
“Mortgage rates were relatively unchanged this week as the markets wait for the results of the upcoming Federal Reserve policy committee meeting.”
