Most of us analysts have been confident in past indications, FED announcements do not always determine mortgage rate cuts. In today's FED announcement, the conclusion was true. Mortgage rates jumped higher today for 15-year mortgage rates; jumping nearly 1%, reaching all times highest.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 3.80% (-0.02%)
• 15-year (FRM) rates at 4.48% (+0.98%)
• FHA 30-year Fixed rates at 3.45% (-0.05%)
• Jumbo 30-year Fixed rates at 3.85% (-0.01%)
• 5/1 ARM rates at 3.50% (0.00%)
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RBS Citizens
Clifton Park, NY