Employees of Guaranteed Rate, Inc. 503-799-3711 workshopteam@rate.com

What’s going on and why does it matter?

Mortgage bonds opened lower today as stocks continue to rally in response to President Trump’s announcement last week that a “phenomenal” tax plan will be announced soon. Fed Chair Yellen is scheduled to give her semiannual monetary policy report to Congress on Tuesday and Wednesday. The market will be watching for any indication as to when and how the Fed will begin to unwind its massive holdings of mortgage bonds. Speculation is that the Fed will stop buying mortgage bonds sometime later this year, and the market will be looking for Yellen to confirm or deny these rumblings. The Fed’s mortgage bond purchases are very light this week because they won’t be in the market tomorrow and Wednesday due to Yellen’s testimony. In fact, the Fed is only scheduled to purchase 30-year conventional mortgage bonds during one operation later this week. As for today, the Fed is scheduled to purchase up to $1.75 billion in GNMA and 15-year conventional mortgage bonds.

What should you do about it?

Lock your rate to be safe.

“What are rates?” is a question we are asked every day. Rates come from the demand for mortgage-backed securities trading daily in the bond market–influenced by a wide array of economic and political forces. Click here for our daily market update and a live bond market feed. And if those cryptic red and green charts have you scratching your head, click here for a quick tutorial.
Economic reports that may impact mortgage rates this week:
Your mortgage. Your way.
We are proud to be members of the Guaranteed Rate family and excited share all that Guaranteed Rate has to offer. Our simple formula: Low, low rates. Cutting-edge technology. Amazing customer service.
Why Guaranteed Rate?
The core values of Guaranteed Rate are aligned with ours: We put your needs at the center of everything we do and so does Guaranteed Rate.
Guaranteed Rate Resources
Guaranteed Rate puts cutting-edge technology to work for you. From helping you find the perfect loan to getting it closed as simply and quickly as possible.
© Copyright 2019 Julia Felsman. This website is not a solicitation for business. All information provided in website is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. There is no guarantee the quality, accuracy, completeness or timelines of the information on this website. While efforts are made to verify the information provided, the information should not be assumed to be error free. This website in no way represents the views of Guaranteed Rate, Inc.
503-799-3711 • workshopteam@rate.com • The Workshop Team @ Guaranteed Rate

The Workshop Team are Employees of Guaranteed Rate, Inc.