bank tagged posts

Thanks to Mark Hines of Fidelity Bank for this episode of Tips from the Pros about mortgages.

The Fed

As it now stands, the Fed has penciled in three 25 basis-point hikes in 2019.  However, the chances of those projected rate hikes actually seeing the light of day are declining rapidly.  While the Fed is expected to bump their short-term benchmark rates 25 basis points higher next week Wednesday — the futures markets are showing investors are now assigning 50-50 odds to the likelihood the Fed will raise rates even once in 2019. 

Believe it or not, the end of the tightening moves by the Fed is not particularly good news for the prospects of steady to lower mortgage interest rates...