July 27, 2020

Interest Rate Update: Week of July 27th

Good Monday Morning!

Interest rates are holding in the same tight range we’ve seen for the last few weeks. This is a fairly light week for economic news except for the Federal Reserve Open Market Committee (FOMC) meeting on Tuesday and Wednesday. This is the meeting where they set the Fed Funds Rate and they are not expected to make any changes at this meeting. While the results of the meeting will not likely impact interest rates, it could have an effect on the stock market, particularly if the FOMC express a gloomier outlook on the economy than after recent meetings. Have a great week!

Information for this post provided by:  

George Lane

Sales Manager

2006 65th Avenue W

Fircrest, WA 98466

O: 253-460-6200 | M: 253-209-1895

 NMLS #374974 | Company NMLS #3274

Equal Housing Lender


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