Fed Meeting On Wed. May Cause Rate Bump…

Mortgage and Lending with Berkshire Lending, LLC

small brett pic Fed Meeting On Wed. May Cause Rate Bump...

I have a mortgage rate update for you…

The Fed has their meeting on Wednesday. This meeting will include their policy announcements, as well as the Fed’s economic projections.

It is expected that the Fed will say they are going to continue their tapering of Bond purchases. This news will likely cause a bump in mortgage rates, because after all it’s the Fed’s Bond purchases that are keeping mortgage rates as low as they are.

Hopefully there won’t be any other bombshell’s that come out of the meeting, because the markets always seem to over react to this type of news.

At this point the rate market is still low, so if you have been considering refinancing – it’s still a good time to do it!

That’s it for today!

Have a good day today! …and thanks for reading.


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Comments (2)

Dee Toohey
Innovative Realty Solutions Group - Longwood, FL
Broker, ABR, AHWD, CIPS, FMS, ePro

Even if they raise the rate, rates are still going to be very low.  Thanks for the update.

Sep 14, 2014 10:52 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Brett.  Thanks for the heads up that there may be a little bump in the rate road. Let's hope if so it's only a little one.

Sep 15, 2014 12:33 AM