DAILY MORTGAGE RATE UPDATE 06-13-18

It’s Fed day!

The Federal Reserve is expected to raise the short-term Fed Funds Rate when the announcement is made at 2:00 p.m. ET this afternoon.

The Mortgage Bankers Association reports that home loan rates edged higher in the latest week but remain historically low.

Heading into the Fed statement release I am recommending floating, but if sentiment changes, I will quickly alert you.

Light tomorrow with today.

-Elizabeth Barrett Browning

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