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 Minh Duong
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
7.18%▲0.05
$1,694 / mo est.
15-Year Fixed
6.50%▼0.00
$2,178 / mo est.
Jumbo
7.18%▲0.15
$1,694 / mo est.
5/1 ARM
7.11%▲0.19
$1,682 / mo est.
FHA
7.07%▲0.03
$1,675 / mo est.
VA
6.71%—
$1,615 / mo est.
Upcoming important economic events
- Oct 29Continuing Jobless Claims (Oct/17)8:30 AM
- Oct 29Core PCE Price Index MoM (Sep)8:30 AM
- Oct 29Core PCE Price Index YoY (Sep)8:30 AM
- Oct 29GDP Growth Rate QoQ (Q3)8:30 AM
- Oct 29Initial Jobless Claims (Oct/24)8:30 AM
- Oct 29Jobless Claims 4-Week Average (Oct/24)8:30 AM
What would your payment be?
$2,168 / mo
Principal & interest only — estimate, not a quote.
Open the calculators →