Fed comments rock mortgage rates this morning! Mortgage rates have jumped up considerably since yesterday!
Fed Weighs Change to Rate Guidance for Added Flexibility – This speculation has led to a sell-off in MBS and 10-year TSY this a.m., sparking new fears of higher mortgage rates in the near future. All signs point to increased upward pressure on mortgage rates as we move into the fall and winter.
John McClellan Branch Manager Supreme Lending NMLS #207768