Forgotten Your Password?

Need to Register?

Mortgage Rates Rise After FOMC Anouncement

By Stevie Duffin Updated on 12/18/2014

Mortgage bonds are weaker today following the FOMC announcement yesterday. Rates rose post-announcement. Look out for rising mortgage interest rates into today. In employment news, jobless claims dropped by 6,000 in the latest week to 289,000, pointing to a firming job market. Philly Fed data also came in today, but showed a slowed manufacturing pace in December. The reading of 24.5 pales in comparison to November's outstanding 40.8, but was relatively flush with expectations of 26.0. 

Wednesday: Mortgage bonds were volatile in the AM, and perhaps not much affected by the day'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. 

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

  • 30 year (FRM) rates at 3.82 (+0.02).
  • 15 year (FRM) rates at 3.11 (+0.01).
  • FHA 30 year Fixed rates at 3.25% (0.00).
  • Jumbo 30 year Fixed rates at 3.69% (+0.03).
  • 5/1 ARM rates at 3.25% (+0.02).

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

4.302%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated May 20, 2019
  • Free 60 day rate lock
  • Eligible for PenFed Real Estate Rewards
  • Predictable Payments

4.101%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated May 20, 2019
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee

4.800%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated May 20, 2019
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.500%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated May 20, 2019
  • Save Time, Save Money.
  • Secure and 100% Paperless.
  • In just minutes, we’ll be able to tell you how much you can save in time and money on your loan.

Related Searches:
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.

Didn't find the answer you wanted? Ask one of your own.

Get an answer

Related Articles

Subscribe to our news feed.