The Fed Isn't Doing Anything to Mortgage Rates on Wednesday

It was a fairly uneventful day for mortgage rates, but also a fairly decent one. The underlying bond market made modest gains even without meaningful cues from oil prices. Lately, oil price volatility has been the most visible motivation for bonds and, thus, interest rates. After cresting 6.40% last week, the MND 30yr fixed rate index is back below 6.30% today, albeit just barely (6.29% for top tier 30yr fixed rates at the average lender). Looking ahead, tomorrow afternoon brings the latest Fed announcement. The market has conclusively decided there will be no rate cut. Even if the opposite were true, there would be no implication for mortgage rates (because the Fed doesn't dictate mortgage rates). Nonetheless, Fed days can still cause volatility in rates, for better or worse. In tomorrow's case, any impact from the Fed should be smaller than it otherwise would have been due to the market's preoccupation with geopolitical influences.

March 17, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.29% -0.07%   5.99% 7.08% 15 Yr. Fixed 5.93% -0.02%   5.55% 6.48% 30 Yr. Jumbo 6.55% -0.03%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Mar 17, 2026 The Fed Isn't Doing Anything to Mortgage Rates on Wednesday Tue, Mar 17, 2026 3:07PM It was a fairly uneventful day for mortgage rates, but also a fairly decent one. The underlying bond market made modest gains even without meaningful cues from oil prices. Lately, oil price volatility has been the most visible motivation for bonds and, thus, interest rates. After cresting 6.40% last week, the MND 30yr fixed rate index is back below 6.30% today, albeit just barely (6.29% for top tier 30yr fixed rates at the average lender). Looking ahead, tomorrow afternoon brings the latest Fed announcement. The market has conclusively decided there will be no rate cut. Even if the opposite ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.29% -0.07 0.00 15 Yr. Fixed 5.93% -0.02 0.00 30 Yr. FHA 5.84% -0.03 0.00 30 Yr. Jumbo 6.55% -0.03 0.00 7/6 SOFR ARM 5.73% -0.01 0.00 30 Yr. VA 5.85% -0.04 0.00 Updates Daily - Last Update: 3/17 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.11 0.00 15 Yr. Fixed 5.50% +0.07 0.00 Updates Weekly - Last Update: 3/12 Mortgage Bankers Assoc. 30 Yr. Fixed 6.19% +0.10 0.58 15 Yr. Fixed 5.54% +0.05 0.68 30 Yr. Jumbo 6.26% +0.10 0.30 Updates Weekly - Last Update: 3/11 UMBS 30YR 5.0 99.37 +0.09   95.71 100.50 UMBS 30YR 5.5 100.96 +0.08   98.11 101.64 10 YR Treasury 4.202 -0.018   3.932 4.590 Another Solid Start, But Without as Much Help From Oil Tue, Mar 17, 2026 10:45AM Until the end of the Iran war, bond traders are keeping oil prices on their screens and comparing oil price movement against bond market movement as the first task on the daily checklist. In so doing, we see a bit of outperformance on the part of bonds this morning. While there is solid directional correlation (i.e. yields and oil were mo... (read more) MBS Price Change UMBS 4.5 97.39 +0.14 UMBS 5.0 99.37 +0.09 UMBS 5.5 100.96 +0.08 GNMA 4.5 97.40 +0.09 GNMA 5.0 99.58 -0.19 GNMA 5.5 100.82 +0.00 Pricing as of: 3/17 3:31PM EST US Treasury Yield Change 2 YR Treasury 3.669 -0.008 5 YR Treasury 3.786 -0.014 7 YR Treasury 3.979 -0.014 10 YR Treasury 4.202 -0.018 30 YR Treasury 4.849 -0.018 Pricing as of: 3/17 3:31PM EST Other News Commercial, eClosing, Retention, Processing Tools; Wholesaler, Corresp. News; False Claims Update Tue, Mar 17, 2026 11:40AM Products, Services, and Software for Brokers and Lenders The average person makes more than 35,000 decisions a day. Most are inconsequential: coffee or tea, paper or plastic. For mortgage capital markets teams, whose decisions shape pricing, execution quality, and risk exposure, the stakes are much higher. Fortunately, a new independent analysis from Marke... (read more) Latest Video February pending home sales rise 1.8%, beating estimates Home builder sentiment edges higher in March Cavco Industries CEO on housing affordability bill February industrial production rises 0.2%, slightly above estimates Around the Web Investing Live U.S. Treasury auctions of $13 billion of 20 year notes at a high yield of 4.817% Eye on Housing Lumber Imports and Employment Fall PR Newswire ADP National Employment Report Preliminary Estimate for February 28, 2026 Eye on Housing Best Year for Missing Middle Construction Since 2007 NAR NAR Pending Home Sales Report Shows 1.8% Increase in February CNBC Treasury yields tick up as investors weigh oil surge, Iran tensions and looming Fed decision CNBC Treasury yields move lower as investors continue to monitor oil prices and look ahead to Fed interest rate decision NAHB Builder Sentiment Inches Higher but Affordability Concerns Persist Eye on Housing Small Gains for New Single-Family Home Size NY Fed Empire State Manufacturing Survey CNBC Treasury yields tick up as investors weigh oil surge, Iran tensions and looming Fed decision CNBC European markets set to start the week higher but oil prices remain in focus CNBC Australia central bank raises rates by 25 basis points to a near 1-year high

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