Today's rates are holding very steady with yesterdays levels. 30 Year fixed Conforming rates and FHA are currently at 5.625 give or take 1/8 of a point. 15 Year rates are both down slightly from yesterday. Conforming 15 year fixed rates are at 5.375% with FHA slightly lower at 5.125%.

This afternoon's Fed Meeting will be the next rate determinant. The Fed is expected to lower the key lending rate by 1/4 pt. It is still unclear how that will affect Mortgage Rates. In essence there is now a short term period of uncertainty regarding the direction of Mortgage rates over the next couple weeks.

Experts concurr that a lock may be recommended if your transaction is closing in the next 2 weeks. 

As always, consult with your Mortgage Professional daily during this ever changing market period.