Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
Mortgage Rates Don’t Move With The Fed Funds Rate
Category: Mortgage Rates
What’s Ahead For Mortgage Rates This Week : August 15, 2011
Mortgage markets improved again last week. The combination of global economic uncertainty plus a dour outlook from the Federal Reserve pushed mortgage bonds to highs for 2011, and drove mortgage rates below their all-time lows.
What’s Ahead For Mortgage Rates This Week : August 8, 2011
Mortgage markets were especially volatile last week, falling to new 2011 lows before sharply rising higher.
Mortgage Rates Make New 2011 Lows
According to Freddie Mac’s weekly Primary Mortgage Market Survey, the national, average 30-year fixed rate mortgage fell to 4.39% this week — the lowest 30-year fixed reading since November 18, 2010.
What’s Ahead For Mortgage Rates This Week : August 1, 2011
Mortgage markets improved last week as the U.S. debt ceiling debate continued on Capitol Hill. Bonds traded in a range Monday through Thursday before breaking higher Friday morning.
What’s Ahead For Mortgage Rates This Week : July 25, 2011
Mortgage markets worsened last week as the Greek sovereign debt situation came closer to final resolution, and as the U.S. housing market showed signs of life.
What’s Ahead For Mortgage Rates This Week : July 18, 2011
Mortgage markets worsened last week as concerns for the global economy drove new rounds of “safe haven” buying.
What’s Ahead For Mortgage Rates This Week : July 11, 2011
Mortgage markets improved in roller coaster-like trading last week. And, not surprisingly, the week’s two big stories were the same two stories roiling mortgage markets since March — Greece and Jobs.
What’s Ahead For Mortgage Rates : Week Of July 5, 2011
Mortgage markets worsened last week as Wall Street’s renewed optimism pushed equities to their best one-week gain in close to 12 months.
5-Year ARM Falls To Historic Lows
The interest rate differential between fixed-rate and adjustable-rate mortgages continues to widen and has now reached historic levels. There’s never been a better time to lock an ARM.