Mortgage Rates Fall 9-21
Treasury securities prices jumped on Wednesday, while mortgage rates dipped, as the market mulled the impact of more weather-induced hikes in energy prices and the kept Tuesday's Federal Reserve rate hike in its sights.
The market also continued to digest Tuesday's quarter-point hike in the Fed funds rate, which suggested to analysts that the Fed still sees room to raise rates in small increments to combat inflation.
Coming Up:
On Thursday, the market will dissect the weekly jobless claims report, expected to show a hurricane-bloated jump in claims to 450,000 from 398,000 the previous week. Also, August U.S. leading economic indicators are forecast dipping 0.3 percent after July's 0.1-percent decline.
Given the slight decline in mortgage rates posted by intraday Wednesday, lenders might see little reason to adjust rates further on key products until Thursday's data is released.
The market also continued to digest Tuesday's quarter-point hike in the Fed funds rate, which suggested to analysts that the Fed still sees room to raise rates in small increments to combat inflation.
Coming Up:
On Thursday, the market will dissect the weekly jobless claims report, expected to show a hurricane-bloated jump in claims to 450,000 from 398,000 the previous week. Also, August U.S. leading economic indicators are forecast dipping 0.3 percent after July's 0.1-percent decline.
Given the slight decline in mortgage rates posted by intraday Wednesday, lenders might see little reason to adjust rates further on key products until Thursday's data is released.
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