Mortgage Rates 9-18-15

By Lisa Robison Updated on 9/18/2015

What will Mortgage Rates do next week? Mortgage professionals are voting in our daily poll.

Mortgage rates are lower today in the wake of the Fed announcement NOT to raise rates.  This announcement came as a shock to many, who had assumed that the rates would raise.  There is still the possibility of next month, or possible December.  On the contrary, there was mention that the reason the rate hike is not happening is that the global economy was just too unstable, and if that is now a factor, we may be waiting a while to see a rate increase.  Rates dropped across the board  yesterday, mainly to offset the pre-fed meeting spike in rates that occured earlier in the week.  Check back tomorrow for the most up to date mortgage news.  

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• 30 year (FRM) rates at 3.98% (-0.07%).
• 15 year (FRM) rates at 3.24% (-0.03%).
• FHA 30 year Fixed rates at 3.75% (0.00%).
• Jumbo 30 year Fixed rates at 3.79% (-0.08%).
• 5/1 ARM rates at 2.97% (0.00%).