What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. After the highs of this week, MBS are currently at some of their best levels since early in June. 10-year yields jumped up when bond markets opened this morning. Overall, today has been rather uneventful. Mortgage rates will likely be stable for the rest of the day.
Thursday: Bonds rallied after yesterday's Fed meeting. As markets expected, the status quo will remain. The Fed will be keeping interest rates at zero and did not make it clear when the first hike in 9 years will happen. MBS have been in weaker territory this morning. They decreased after positive housing data. Permits for multi-family developments increased by 29.4%, now reaching the highest level in 25 years. Single-family housing permits increased 2.6%.
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Displaying rates for Mortgage Refinance in CA for $200,000
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