By following the bond market, it is clear that the Fed is the most reliable explaination for shifts in momentum. Today brings the most robust sort of Fed announcement. the releases its economic projections on 4 of the 8 meetings each year.
With today's Fed rate hike basically guaranteed, we can safely assume that the reaction in longer term rates is set. Now the focus will be on the aforementioned rate hike expectations.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 3.98% (-0.04%).
• 15 year (FRM) rates at 3.25% (-0.02%).
• FHA 30 year Fixed rates at 3.65% (-0.10%).
• Jumbo 30 year Fixed rates at 4.25% (-0.05%).
• 5/1 ARM rates at 3.05% (-0.02%).
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