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Fed’s Taper May Set Stage for Gradual Mortgage Rate Rise

Sunday, Nov 07 2021
Lending
Written by  The Mortgage Leader

The Federal Reserve Open Markets Committee’s announcement that it will taper—or slow—its rate of bond buying in November and December probably won’t cause mortgage rates to jump, but it could mean a slow and steady increase. So reports Bankrate.com.

MBAThe Mortgage Bankers Association’s chief economist, Mike Fratantoni, said that the Fed’s move was expected and wouldn’t affect its forecast that rates on 30-year mortgages will rise to roughly 4% by year-end.

Lynn Reaser, chief economist at Point Loma University in San Diego, said that the new Fed landscape appears to be “already priced in” by markets.

Read the full article from Bankrate.com.

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