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Mortgage Rates 03-20-2018 Lender411

By Chantelle Stein Updated on 3/20/2018

Although outright movement in the market was average today, we can't negate the fact that rates have risen to the highest levels in over a week, today. However, tomorrow that could all change. Wednesday, March 21st, the Federal Reserve will announce their newest policies and update their rate outlook in its once-per-quarter Fed Meeting. While Fed does not directly dictate mortgage rates; however, the Fed Fund Rate, which is directly controlled by Fed, will have long-stretching ramifications. The Fed announcement coming out tomorrow, is more about expectations for future movement, not so much about present day movement. 

 

Bookmark this page for mortgage rates: 

 

• 30-year (FRM) rates at 4.57% (+0.04%)

• 15-year (FRM) rates at 3.93% (+0.02%)

• FHA 30-year Fixed rates at 4.36% (+0.04%)

• Jumbo 30-year Fixed rates at 4.57% (+0.02%)

• 5/1 ARM rates at 3.66% (+0.01%)

About The Author:
Chantelle Stein
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