Mortgage Rates 03-15-17By Lisa Robison Updated on 3/20/2017
Today, mortgage rates were steady despite the improvements in the bond markets. Usually, improvements in the bond markets directly correlate with improvements in mortgage rates. Lenders are weary of tomorrow's big Fed announcement. Lenders do not want to be held responsible for low rates.
As stated yesterday, there will be a Fed hike and we are expecting accelerated forecasts in future rate hikes. We are unsure as to how well-prepared the markets will be for this kind of acceleration. If the acceleration is less than expected, then mortgage rates will, generally, hold. If acceleration is faster, rates could quickly increase.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.19% (+0.04%).
• 15 year (FRM) rates at 3.33% (+0.04%).
• FHA 30 year Fixed rates at 3.85% (+0.00%).
• Jumbo 30 year Fixed rates at 4.72% (+0.11%).
• 5/1 ARM rates at 3.29% (+0.04%).
About The Author:
My name is Lisa Robison. I am an Associate Editor on Lender411com and lenderhomepagecom. I'd be happy to answer any question you have about our products and services.
Equity Mortgage Lending
Owings Mills, MD
Clifton Park, NY
GSF Mortgage Corporation
Cape Coral, FL