Avoid locking on days when mortgage rates seem to be falling.
The following suggestions are intended to provide longer-term guidance about the direction of those rates.
This means they are not affected by volatile market sentiments which change daily.
Today is an important day. The Federal Reserve will announce its latest interest rate hike.
There seems to be near consensus that it will be 0.75% (75 basis points).
There might only be a limited impact on mortgage rates if they are correct.
If the increase is larger or smaller than expected, fireworks are likely to break out.
Due to critical economic reports on Thursday and Friday, the rest of the week may be volatile.
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