All Eyes are on the Fed [Live Post]

December 13, 2023 by Leave a Comment

This morning we received some mortgage rate friendly news on the PPI (producer price index) showing that overall inflation was flat last month. This bit news is just hours before the Fed wraps up their two-day meeting and announcement on any movement with the Fed Funds Rate at 11:00 PST. Stay tuned! I will continue to update this post today.

11:00 am update: As expected, the Fed leaves the funds rate unchanged. Mortgage-backed securities are up about 37 bps.

1:00 pm: Mortgage rates are pretty happy with the results of today’s meeting and are remaining up around 30 bps.

Here’s a short video where I review how mortgage rates have reacted to today’s news. Mortgage rates have been improving 🙂

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Filed Under: Interest Rates, The Fed - FOMC, Video Tagged With: ,
About Rhonda Porter

Rhonda Porter (NMLS 121324) is a veteran Washington Mortgage Advisor with over 25 years of experience navigating the Pacific Northwest real estate market. Specializing in residential home financing and mortgage strategy, Rhonda founded The Mortgage Porter to provide homeowners with transparent, data-driven clarity. Based in Seattle, she is a trusted resource for first-time buyers, self-employed borrowers and homeowners across Washington State, dedicated to turning complex financing into a confident path to homeownership.

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