Fed Announced Decision To Hike Rates 025

Dated: 12/17/2016

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Who’s ready for some charts and a press release?!?!...As we have long been expecting, the fed has made the decision to increase the fed funds rate range by 0.25% today (attached is a copy of the press release for your reading pleasure).  The immediate impact on mortgage pricing has been negative as the Fed also announced that they project three more hikes for next year.  Seems that the markets were hoping for a faster pace of rate hikes. 

 

Below is a snapshot of the FNMA 30 YR 3.5% coupon trading range for the last few months.  We ended the day at 101.41 (on election day, this was around 105)Image title

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Don Fleming

Don Fleming has been practicing real estate for more than 10 years , with the primary goal to become a trusted advisor for his clients. He specializes in new construction, where he leverages his exten....

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