Lenders post lower 30-year quotes ahead of this week's Fed meeting

AI summary

Several lender and broker accounts shared morning rate sheets showing a small dip in 30-year fixed quotes compared with last week. Replies from loan officers describe more refinance inquiries, mostly from borrowers who locked in at higher rates over the past two years. Most posters expect rates to hold steady until the Fed's announcement later this week.

Key points

• Quoted 30-year fixed rates dipped slightly versus last week.
• Refinance inquiries are reported to be rising.
• Sentiment: cautious — most expect no move before the Fed meeting.

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