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  • Fed Keeps 'Considerable Time' Phrase

    Following its two-day policy meeting, the FOMC renewed its vow to hold rates low ‘for a considerable time’ despite speculation the phrase would be taken out. The Fed added it can be patient toward a liftoff.

    Reuters

    Following its two-day policy meeting, the FOMC renewed its vow to hold rates low ‘for a considerable time’ despite speculation the phrase would be taken out. The Fed added it can be patient toward a liftoff. 

  • Wall Street Jumps on FOMC Statement

    U.S. equities extended session gains Wednesday after the Fed said it will hold interest rates low ‘for a considerable time,' suggesting confidence in the U.S. economy.

MARKET SNAPSHOT

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Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.04% dw 4.13%  
15 Y Fixed Graph 3.04% dw 3.09%  
30 Y Fixed Jumbo Graph 4.13% dw 4.16%  
5/1 ARM Graph 3.22% -- 3.22%  
5/1 Jumbo ARM Graph 3.51% up 3.38%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.32% -- 4.32%  
$50K HELOC Graph 3.99% -- 3.99%  
$30K Loan Graph 4.99% up 4.97%  
$50K Loan Graph 4.36% up 4.35%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.83% dw 2.84%  
36 M Used Graph 3.36% dw 3.37%  
48 M New Graph 3.15% -- 3.15%  
48 M Used Graph 3.00% -- 3.00%  
60 M New Graph 3.17% -- 3.17%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% dw 1.50%  

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