How Mortgage Rates Connect To The Fed Funds Rate

Dated: 12/13/2016

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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.

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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....

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