How are Mortgage rates today?


After an increase in mortgage rates last week, this week saw little net change in rates. There were no surprises in the Fed minutes or from other central banks. The major economic data mostly matched expectations and had little impact.

The minutes from the September 17 Fed meeting released on Wednesday revealed little new information. The minutes reflected the split among Fed officials about the appropriate timing to raise the federal funds rate. According to the minutes, some officials were ready to hike rates "relatively soon," while others preferred to wait for "more convincing evidence" that inflation was rising to the Fed's target level of 2%. The minutes caused little movement in mortgage rates.

Mason Fowler - Movement Mortgage