Mortgage Rates Dip as All Eyes on Fed

May 1, 2017 Rachel Williams

On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.

The post Mortgage Rates Dip as All Eyes on Fed appeared first on theMReport.com.

Previous Article
Where Student Loan Repayment is Easiest for Young Homebuyers
Where Student Loan Repayment is Easiest for Young Homebuyers

Student loans are a heavy burden on young adults, and some may find it hard to buy a home with that weight ...

Next Article
Cities May Sue Banks Over Foreclosure, Industry Reacts
Cities May Sue Banks Over Foreclosure, Industry Reacts

The Supreme Court found that the Miami's claims against Bank of America and Wells Fargo fell within the “zo...