What will mortgage interest rates do tomorrow? Mortgage professionals are voting in our daily poll. Mortgage rates fell drastically after the fed meeting yesterday; they are now near historic lows. The Fed indicated yesterday that it will continue to keep short-term rates near zero for the time being. Keep in mind that a rate hike could come as early as June. Expect rates to continue to decrease tomorrow.
Wednesday: Rates have slightly declined across the board. The main event will be at 2pm today when the FOMC results are released. Until then, the majority of the action is occurring overseas. Germany's 10 year auction pulled in the highest demand they have seen in 13 years. Rates remain calm here, awaiting the federal news this afternoon.
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