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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

3.552%

APR
30 Year Fixed
3.375% Rate $884/mo
  • Updated October 17, 2017
  • Convenient digital mortgage
  • These great rates reflect the savings you get when you apply online
  • Avoid paperwork and close your loan fast. NMLS#1349168

3.896%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 17, 2017
  • Get a free and no obligation rate quote in California.
  • Direct Lender.
  • Call now and lock-in your low rate!

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated October 17, 2017
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

3.925%

APR
30 Year Fixed
3.875% Rate $941/mo
  • Updated October 17, 2017
  • Direct Mortgage Lender. NMLS ID #1168.
  • State License #4130574
  • Apply Online. Quick Prequalification.

4.250%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 17, 2017
  • Easy online application & competitive rates
  • No fees, no catch! No Application, Origination or Lenders Fees.
  • Refinance fast! Typical applications close in 30 days

4.217%

APR
30 Year Fixed
4.125% Rate $970/mo
  • Updated October 17, 2017
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
  • Save time & avoid paperwork by sharing your financial info instantly.

4.315%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated October 17, 2017
  • A+ Rating with the Better Business Bureau

3.789%

APR
30 Year Fixed
3.750% Rate $927/mo
  • The best mortgage engine online live 24/7

3.832%

APR
30 Year Fixed
3.750% Rate $927/mo
  • Updated October 17, 2017
  • Save when you borrow from PenFed!

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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.

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