Mortgage Rates Highest in a Week Ahead of Fed

Facebooktwitterlinkedin

Posted To: Mortgage Rate Watch

Mortgage rates rose to the highest levels in more than a week today, but that’s the most dramatic way to put it. In terms of outright movement, today was fairly average. It only earns the “highest in a week” distinction due to the incredibly flat trend that persisted from Tuesday through yesterday afternoon. More simply put, most borrowers would still be quoted the same rate as yesterday with the only difference being slightly higher upfront costs (or lower upfront credit, depending on the scenario). All the recent stability in rates begs the question: what might come along to shake things up again? Enter tomorrow’s policy announcement from the Federal Reserve (the Fed) . While the Fed doesn’t directly dictate mortgage rates or even longer term rates like US Treasury yields, the Fed Funds Rate…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Facebooktwitterredditpinterestlinkedinmail
Show Buttons
Hide Buttons