How Mortgage Rates Connect To The Fed Funds Rate

Dated: 12/13/2016

Views: 220

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

3636 Crayton Road Just Listed

The Samuel Team at John R. Wood Properties is pleased to announce our newest listing at 3636 Crayton Road.3636 Crayton RoadBuilt in 1988 and then completely renovated, this “move-in ready” Park

Read More

Monthly Market Report For Q2 2018

Naples/Bonita/Estero/Marco Island 2nd Quarter Real Estate UpdateHere are the most recent sales trend for the 2nd Quarter of 2018.NAPLESSingle Family Homes The Quarter over Quarter (QoQ) rolling 12

Read More

Just Reduced 330 27TH ST NW Now 620000

Wow...check out this 2.73 acre estate in Golden Gate Estates.  Just Reduced to $620,000.330 27th Street NorthwestOwn your slice of Naples Paradise…check out this single story "estates" home

Read More

Air Conditioning Drain Lines And How Make Sure AC Stays Unclogged

Earlier this week, one of our tenants called and one of the air conditioners stopped working.  Over the years living in Florida, Karyn and I have dealt with many issues, but the dreaded air

Read More