Mortgage rates have been trending down the past few weeks.
Today at 2pm eastern time the Fed has it’s meeting.
Depending on what the Fed says their policy is for the next quarter one thing is for sure – it will affect the bond markets.
I don’t look for a dramatic change in their current bond purchase commitments. (In spite of the yesterday’s stronger inflation data)
So, we’ll see.
If your mortgage guy hasn’t locked your loan – it’s probably a good idea to do it.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett