How Mortgage Rates Connect To The Fed Funds Rate

Dated: 12/13/2016

Views: 210

Image title


Mortgage Rates & The Fed Funds Rate

The Federal Reserve's Federal Open Market Committee (FOMC) adjourns from a scheduled two-day meeting Wednesday afternoon.

The meeting's outcome will influence the mortgage bond market which, in turn, will change current mortgage rates for consumers nationwide.

If you're shopping for a home, then, or about to start a refinance, consider yourself alerted. 30-year rates are hovering near the lowest in 3 years; and, rates for FHA mortgages and VA loans are even lower.

Once the Fed adjourns, rates will look a lot different. The thing is, though, analysts don't know whether rates will be higher or lower.

If you're nervous that rates will rise, consider locking in today.

Blog author image

Rowan Samuel

Rowan Samuel has lived many lives. Originally from Zimbabwe (Rhodesia), he and his family immigrated to the U.S. in 1980 to escape the brutal Mugabe regime - they lost everything when they came to Am....

Want to Advertise on this Site?

Latest Blog Posts

Just Listed In Serafina At Tiburon 1950000

The Samuel Team at John R. Wood Properties is pleased to announce our newest listing at Tiburon.2954 Tiburon Boulevard EastJust Listed for $1,950,000This turnkey furnished, 4+ den villa in the

Read More

Just Listed In Autumn Woods

Just Listed in Autumn Woods!7119 Sugar Magnolia CourtJust Listed for $635,000This is the one you have been waiting for in the established Autumn Woods community. Located on Sugar Magnolia, this 4

Read More

Just Reduced 20543 Wildcat Run Drive Now 1359900 MLS217060336

Just reduced to $1,359,90020543 Wildcat Run Drive Live the ultimate Southwest Florida golf lifestyle in this move-in ready, custom estate home by Coastal Breeze Homes. Built in 2015, this

Read More