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
7.07%▼0.02
$1,675 / mo est.
15-Year Fixed
6.55%▲0.02
$2,185 / mo est.
Jumbo
7.08%▼0.06
$1,677 / mo est.
5/1 ARM
6.74%▼0.12
$1,620 / mo est.
FHA
7.03%▼0.05
$1,668 / mo est.
VA
6.55%—
$1,588 / mo est.
Upcoming important economic events
- Oct 28Goods Trade Balance (Sep)8:30 AM
- Oct 28Fed Interest Rate Decision2:00 PM
- Oct 28FOMC Economic Projections2:00 PM
- Oct 28FOMC Statement2:00 PM
- Oct 28Press Conference2:30 PM
- Oct 29Continuing Jobless Claims (Oct/17)8:30 AM
What would your payment be?
$2,144 / mo
Principal & interest only — estimate, not a quote.
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