• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Realty Solutions Group

Service Beyond Expectations

SearchClose

Mortgage Rates Thursday, June 15: Mixed Reaction to Fed Rate Hike

Mortgage rates for 30-year fixed loans moved lower, while 15-year fixed and 5/1 ARMs crept higher today, according to a NerdWallet survey of current mortgage rates published by national lenders Thursday morning.

The Federal Reserve raised interest rates, and once again mortgage rates shrugged. There seems to be a continuing disconnect between how the Fed views the economy and what the bond market believes.

“The latest rate hike is partly justified from ongoing economic expansion and also a steadily falling unemployment rate,” Lawrence Yun, chief economist for the National Association of Realtors, said in a statement.

But amid the Fed’s generally upbeat view of the economy, Yun issued a warning, saying the Fed should be “mindful” of an interest rate “inversion” — a historic predictor of economic troubles.

“An inversion in interest rates of short-term fed funds being higher than long-term bond yields can easily pull down the economy into a recession. We are getting closer to that inversion point,” Yun said.

Mortgage rates typically mirror the yield trend of the 10-year Treasury. Adam Tumerkan, a research analyst at Stansberry Research, explained the significance of the Fed’s steering short-term rates higher versus the lower-yielding market-driven long-term bond rates in a recent commentary for Seeking Alpha:

“The bond market is pricing in lower growth ahead, possibly recession. Meanwhile, the stock market is believing the Fed and pricing in higher growth and inflation,” Tumerkan wrote. “If the Fed continues on the path of hiking, it will be against the bond market.”

Thirty-year home loan rates have ticked down to their lowest level since Nov. 9, 2016, according to the NerdWallet Mortgage Rate Index.

MORTGAGE RATES TODAY, THURSDAY, JUNE 15:

(Change from 6/14)
30-year fixed: 3.98% APR (-0.02)
15-year fixed: 3.42% APR (+0.02)
5/1 ARM: 3.85% APR (+0.01)

Get personalized mortgage rates

NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.

More from NerdWallet
Compare online mortgage refinance lenders
Best zero and low down payment lenders
Find a mortgage broker

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: [email protected] Twitter: @halmbundrick.

Get Daily Mortgage Rate Updates

Don’t miss a rate change that could cost you hundreds each year.
We’ll email you each morning with the latest mortgage news.

  • Should be Empty:

The article Mortgage Rates Thursday, June 15: Mixed Reaction to Fed Rate Hike originally appeared on NerdWallet.

Realty Solutions Group was built around a simple but elusive concept: provide brokers and clients with the highest level of service in the industry through cutting-edge sales, marketing programs and a culture that values innovation, relationships and a strong local focus.

In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.

As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.

We are a full service brokerage with discounted commissions. We offer no long term listing contracts, a Performance Guarantee, Smart Seller Program and a Communication Guarantee. Contact us today and let us provide you with the very best real estate experience.

Powered by WPeMatico

Table of Contents

    • MORTGAGE RATES TODAY, THURSDAY, JUNE 15:
  • Get Daily Mortgage Rate Updates

Post navigation

« Second Fed Rate Hike of 2017: What It Means for Mortgage Rates
Mortgage Rates Friday, June 16: Mostly Higher as Bond Market Considers Fed Moves »
Search for:

Recent Posts

  • Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC] May 27, 2022
  • Why Summer Is a Great Time To Buy a Vacation Home May 26, 2022
  • How Buying or Selling a Home Benefits the Economy and Your Community May 25, 2022
  • Sellers Have an Opportunity with Today’s Home Prices May 24, 2022
  • Sellers Have an Opportunity as Home Prices Re-Accelerate May 24, 2022

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Baby Boomers
    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Gen Z
    • Generation X
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Luxury Market
    • Millennials
    • Move-Up Buyers
    • New Construction
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Senior Market
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Search for:

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Go to mobile version