Remarkable Absence of Mortgage Rate Volatility
It happens, but it's rare. A Fed "dot plot" day has come and gone with mortgage rates almost perfectly unchanged from the previous day. This speaks to the level of indecision not only in the market, but also among Fed members. First off, what's a "dot plot day?" The dot plot (or simply, "the dots") refers to a chart/table in the Fed's economic projections that shows where each Fed member sees the Fed Funds Rate at the end of the next few years. These projections only come out on 4 of the 8 Fed days per year and they've grown to be a leading source of volatility for financial markets on those days. Since it was already a foregone conclusion that the Fed would not be cutting rates today, the market was forced to take its Fed-related cues from the dots and from Fed Chair Powell's press conference. The latter was just slightly negative for rates (i.e. it implied some upward pressure), but the dots did no harm. After the dust settled, the underlying bond market was flat to slightly stronger on the day due to improvement that was in place several hours before the Fed announcement. Markets are closed tomorrow for the Juneteenth holiday, but will reopen on Friday.
Categories
- All Blogs (481)
- #homesecurity (1)
- austin (3)
- College Station (3)
- contract (1)
- dscr (3)
- homebuyer (2)
- homesforsale (3)
- investment (2)
- investor (2)
- lubbuck (2)
- mortgage rates (2)
- movingtotexas (3)
- nextgenhome (1)
- rentalproperty (1)
- Round Rock Texas (2)
- TexasA&M (2)
- TexasState (2)
- TexasTech (2)
- tylertexas (2)
- UniversityofTexas (2)
- va (1)
Recent Posts

1:1 Home Buyer Session — Your Roadmap to Owning a Home

Best area to buy a home in Round Rock Texas

Welcome to the Southern Luxe Team - Camira Scarborough

Mortgage Rates Hold Steady After Key Inflation Report

Mortgage Rates Steady Ahead of High Stakes Inflation Report

Mortgage Rates Flat Ahead of Next Week’s High-Stakes Data

Mortgage Rates Hit Another New Longer-Term Low

Mortgage Rates Steadily Holding Longer-Term Lows

Mortgage Rates Holding at 10 Month Lows

New Listing Alert: 18920 Lady Bird Johnson St, Manor, TX 78653

