Scotsman Guide > News > March 2017 > News Story

 Enter your e-mail address and password below.

  •  
  •  

Forgot your password? New User? Register Now.

News Archives

 
Subscribe icon Subscribe to our weekly e-newsletter, Top News.

Mortgage rates jump up ahead of Fed meeting


Mortgage rates jumped up ahead of the Federal Reserve’s decision this week to raise the benchmark rate, Freddie Mac reported.

Through Wednesday, the 30-year fixed rate averaged 4.3 percent, up nine basis points. A year ago, the rate averaged  3.73 percent. Other rates also rose.

"As expected, the [Federal Open Market Committee] announced its first rate hike of 2017 and hinted at additional increases throughout the remainder of the year,” Freddie Mac’s Chief Economist Sean Becketti said.  

“Increasing inflation, continued gains in the labor market and the Fed's intentions for further rate increases,  all three will keep pushing mortgage rates up this year," he continued. 


 

Questions? Contact at (425) 984-6017 or victorw@scotsmanguide.com.

Get the latest news and articles from Scotsman Guide straight to your inbox.


Send me the following e-mails:





Learn more about Scotsman Guide e-mails

Thank you for signing up to receive e-mails from Scotsman Guide.

A confirmation e-mail has been sent to the address you provided.

For questions regarding your e-mail subscriptions please contact Circulation@ScotsmanGuide.com or call (800) 297-6061.


Fins A Lender Post a Loan
Residential Find a Lender Commercial Find a Lender
Follow Us:Visit Scotsman Guide Facebook pageVisit Scotsman Guide LinkedIn pageVisit Scotsman Guide Twitter page
 
 
 
 

 
 

© 2019 Scotsman Guide Media. All Rights Reserved.  Terms of Use  |  Privacy Policy