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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. 

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  • 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

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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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