Here are the mortgage rates for 12/20/21!
|
Rate | Change | ||
| 30 Yr FRM | 3.18% | +0.02 | ||
| 15 Yr FRM | 2.54% | +0.02 | ||
| FHA 30 Year Fixed | 2.75% | +0.00 | ||
| Jumbo 30 Year Fixed | 3.08% | +0.00 | ||
| 5/1 Yr ARM | 3.33% | +0.21 | ||
|
Per the Mortgage News Daily website, Mortgage Rates Are Only Modestly Higher After The Recent Fed Announcement!
December 15, 2021
Mortgage rates were fairly flat heading into today's important Fed announcement. Despite arguably receiving bad news, they didn't move too much higher by the end of the day. What was the bad news, you ask? The Fed is doubling the pace of "tapering." That means it will be reducing the number of bonds it has been buying twice as quickly. Those bond purchases are generally associated with lower rates although the financial market tends to move well in advance of this type of policy change because the Fed telegraphs it quite well. Indeed, if there's one reason that rates didn't freak out today, that would be it. The writing has been on the wall for more than 2 weeks now. |
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