195813 Resource 178438 178984 178982 1201533376334 1201578551092 Controlled Mortgage Rates Will Be Volatile This Week

Keep You Finger On Locking If We See Rate Improvement

<p>All eyes will be focused on the Federal Open Market Committee meeting Tuesday.&nbsp; A rate decrease is expected.&nbsp; However, the magnitude of the change remains uncertain.</p><p>Keep in mind that a Fed rate cut does not automatically mean mortgage interest rates will improve, as was evident the latter portion of last week.&nbsp; The Federal Reserve has direct control over the level of short-term interest rates.&nbsp; The Fed's infuence over longer-term interest rates is less certain.</p><p>A cautious approach to float/lock decisions is prudent heading into the Fed meeting this week.&nbsp; Be prepared for potential market volatility.&nbsp; </p> 10 application/xml false Fed rates Federal Open Market Committee home loan rates home loans mortgage rates mortgages Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727) 127.0.0.1 127.0.0.1 aheitland 24.121.32.9 false true false false true 178975 false false true false false false true 178438 blog blogsite/BestFlagstaffHomes/web