Mortgage Rates Thursday, March 16: Major Drop on Heels of Fed Hike

A day after the Fed raised short-term interest rates by a quarter of a percentage point, mortgage rates today for 30- and 15-year fixed loans dropped substantially, by nine and 10 basis points, respectively, while 5/1 ARMs dipped by two basis points, according to a NerdWallet survey of mortgage rates published by national lenders on Thursday morning. Why the…

from NerdWallet
https://www.nerdwallet.com/blog/mortgages/mortgage-rates-thursday-march-16-major-drop-2017-economic-forecast-conservative/

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