January 30th, 2019 Fed Meeting:
The Fed did not hike (no one expected them to hike) and announced two favorable things for mortgage rates moving forward:
- Concerns about econmic growth
- Balance sheet reduction program is being reviewed and changes might be implemented later this year
The second point could turn out to be big news for mortgage rates. Mortgage Backed Securities rallied on the news; stronger than treasuries. Unless something changes you should see imrproved mortgage terms over the next few days.
For more information about the how the January 30th Fed Announcement affects mortgage rates please be sure to visit our website; and if you have questions don't hesitate to ask.
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