Daily Rate Commentary — Wednesday, September 2
Oil is setting mortgage rates this week, not the Fed
The 10-year Treasury yield hit its highest level in nearly three years Wednesday morning, and traders now believe the Federal Reserve’s next move is more likely to be a rate hike than a cut. Here’s w…
By Minh 03.d2
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
6.64%▼0.09
$1,603 / mo est.
15-Year Fixed
6.04%▼0.05
$2,115 / mo est.
Jumbo
6.67%▲0.08
$1,608 / mo est.
5/1 ARM
6.72%▼0.15
$1,617 / mo est.
FHA
6.63%▲0.06
$1,602 / mo est.
VA
6.20%▲0.04
$1,531 / mo est.
Upcoming important economic events
- Sep 10Producer Price Index MoM (Aug)8:30 AM
- Sep 10Existing Home Sales (Aug)10:00 AM
- Sep 11Core CPI MoM (Aug)8:30 AM
- Sep 11Core Inflation Rate MoM (Aug)8:30 AM
- Sep 11Core Inflation Rate YoY (Aug)8:30 AM
- Sep 11CPI MoM (Aug)8:30 AM
What would your payment be?
$2,052 / mo
Principal & interest only — estimate, not a quote.
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