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FOMC Announcement May Decide Where Mortgage Rates Head

By Stevie Duffin Updated on 12/17/2014

Mortgage bonds are relatively volatile this morning, and perhaps not much affected by today's low CPI (consumer price index) reading, which dropped 0.3 percent from October when it was predicted to only fall by 0.1 percent. The FOMC announcement may likely have a stronger impact on where mortgage interest rates head. Experts predict the Fed will change their language concerning rate hikes to lend itself to more flexibility in terms of when a rise could happen. 

For more potential mortgage rate movers, check back tomorrow for the Philly Fed business index and jobless claims. 

Tuesday: The pace of housing starts slowed in November, but per the now-usual trend, MBS trading ignored domestic data and eyes were on the headlines of Europe, including Russia's weak Ruble along with a mishmosh of other eurodrama concerning the ECB's QE initiatives. Mortgage bonds were stronger earlier but still rode in positive territory into the day. 

Bookmark this page for daily mortgage interest rates and market updates.

  • 30 year (FRM) rates at 3.80 (-0.05).
  • 15 year (FRM) rates at 3.10 (-0.02).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.66% (-0.04).
  • 5/1 ARM rates at 3.23% (-0.02).

Displaying rates for Mortgage Refinance in CA for $200,000

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About The Author:
Stevie Duffin
Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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