Daily Rate Commentary — Thursday, October 22
The Fed meets Tuesday. Every economist in a new Reuters poll says the hike is coming in December instead.
Mortgage rates have been parked at 7.40% for two weeks while the bond market waits on the Federal Reserve. Here's what next week's meeting means for your payment — and why a Fed hike and a mortgage-r…
By Mike Sutton
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
7.17%▼0.02
$1,692 / mo est.
15-Year Fixed
6.67%▲0.06
$2,201 / mo est.
Jumbo
7.23%▲0.15
$1,702 / mo est.
5/1 ARM
6.89%▼0.02
$1,645 / mo est.
FHA
7.08%▲0.06
$1,677 / mo est.
VA
6.84%▲0.03
$1,636 / mo est.
Upcoming important economic events
- Oct 27Durable Goods Orders Ex Defense MoM (Sep)8:30 AM
- Oct 27Durable Goods Orders Ex Transp MoM (Sep)8:30 AM
- Oct 27Durable Goods Orders MoM (Sep)8:30 AM
- Oct 27New Home Sales MoM (Sep)10:00 AM
- Oct 27New Home Sales (Sep)10:00 AM
- Oct 28Goods Trade Balance (Sep)8:30 AM
What would your payment be?
$2,166 / mo
Principal & interest only — estimate, not a quote.
Open the calculators →