Where are Rates Going?

Of course when you are talking about rates everyone has an opinion. Here is mine.

I do not think the Fed will raise their rate in about an hour but I expect they may add a .25 point at the next meeting.

What does that mean for locking mortgage rates?

Short term (1 to 2 days) I expect rates to go up slightly as the market rallies because the Fed did not raise rates today.

Long Term (30 days out) I expect rates will improve as the market corrects.

We will know soon if I am right. What do you think?