Rates are at a fork in the road: we may be seeing the last of the low rates, for quite some time or the pause in rates may indicate they will continue to hold steady and further decline. The Fed announcement next Wednesday and upcoming economics report will weigh heavily on how rates will continue.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.70% (-0.01%)
• 15-year (FRM) rates at 4.23% (0.00%)
• FHA 30-year Fixed rates at 4.25% (0.00%)
• Jumbo 30-year Fixed rates at 4.40% (0.00%)
• 5/1 ARM rates at 4.67% (+0.01%)
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