Mortgage Rates Fell Last Week, Future Movement Unclear
Mortgage rates managed to ease yet again last week, despite being on the cusp of uncertainty as the Federal Reserve’s exit from the mortgage market is just two and one half weeks away. According to the latest issue of HSH.com’s Market Trends Newsletter, “there’s not a great amount of clarity into what comes after.”
The Fed meets on Tuesday [of this] week for a one-day meeting, the shortest such event in over a year. It’s more than likely that there will be discussions of contingency plans for mortgages should market conditions turn adverse in the months ahead, imperiling the relative stability forming in the housing market.
