Who’s ready for some charts and a press release?!?!...As we have long been expecting, the fed has made the decision to increase the fed funds rate range by 0.25% today (attached is a copy of the press release for your reading pleasure). The immediate impact on mortgage pricing has been negative as the Fed also announced that they project three more hikes for next year. Seems that the markets were hoping for a faster pace of rate hikes.
Below is a snapshot of the FNMA 30 YR 3.5% coupon trading range for the last few months. We ended the day at 101.41 (on election day, this was around 105)
Author:Don Fleming Phone: 917-453-2505 Dated: December 17th 2016 Views: 97 About Don: Don Fleming has been practicing real estate for more than 10 years , with the primary goal to become...
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