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  • Mortgage Rates Move Higher After FOMC Meeting

    MORTGAGE RATES MOVED HIGHER AFTER THE FOMC RELEASE. Reports from fellow mortgage professionals now indicate lender rate sheets to be worse than yesterday’s. Lenders continue to offer the best mortgage rates we've seen since early December. While I am tempted to see if rates keep moving higher tomorrow, I think borrowers should still be locking in their loans. Like yesterday, if you want to risk it and continue to float keep an eye on the equities market. If stocks move higher tomorrow, mortgage rates should move higher. The safe call is to take advantage of the recent price gains and lock. ...
 

More From MND

Mortgage Rates:
  • 30 Yr FRM 3.90%
  • |
  • 15 Yr FRM 3.26%
  • |
  • Jumbo 30 Year Fixed 4.15%
MBS Prices:
  • 30YR FNMA 4.5 106-20 (-0-06)
  • |
  • 30YR FNMA 5.0 108-01 (-0-05)
  • |
  • 30YR FNMA 5.5 108-30 (-0-03)
Recent Housing Data:
  • Mortgage Apps -1.01%
  • |
  • Refinance Index 0.83%
  • |
  • NAHB Builder Confidence 16.00%
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