Orlando Mortgage Blog

Well the 12:30 pm announcement from the FOMC meeting recognized some inflation and announced no chnage to the Fed rate. That's good news for anyone borrowing money in the short term if his 2:30 pm historic (first time ever) news conference doesn't trip over the details on Mr. Bernanke's comments. The 10 year had been down close to 3.30% before opening and is hanging around 3.35% since. We have a 4.625% true zero point base quote on a 30 year fixed home owner loan! It is probably not rate if you are still on the fence.