Mortgage Rates 03-24-17By Lisa Robison Updated on 3/24/2017
The healthcare vote was the main event today, as market participants were aware than the healthcare bill would bring about a drop in rates. Ina wild turn of events, the bill was postponed out to a later date. This still gives the illusion of hope that the bill could pass at a later date and have a positive effect on the mortgage rates, but for now, it's business as usual. There is the heavy likelihood that the bill passing (in the future) will cause some pretty heavy volatility in the markets, as this healthcare vote would solidify a vote of confidence in the Trump administration's readiness to make policy changes, which surely will translate into other financial markets. Check back next week for more rate updates and mortgage news.
Bookmark this page for mortgage rates:
• 30 year (FRM) rates at 4.20% (+0.00%).
• 15 year (FRM) rates at 3.41% (+0.00%).
• FHA 30 year Fixed rates at 3.80% (+0.00%).
• Jumbo 30 year Fixed rates at 4.40% (+0.01%).
• 5/1 ARM rates at 3.09% (+0.02%).
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.
Clifton Park, NY
Equity Mortgage Lending
Owings Mills, MD
GSF Mortgage Corporation
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