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 03.d2
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
7.16%▲0.09
$1,690 / mo est.
15-Year Fixed
6.54%▼0.05
$2,183 / mo est.
Jumbo
7.11%▲0.03
$1,682 / mo est.
5/1 ARM
6.97%▲0.36
$1,658 / mo est.
FHA
7.02%▼0.10
$1,667 / mo est.
VA
6.77%▲0.12
$1,625 / 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?
$2,163 / mo
Principal & interest only — estimate, not a quote.
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