The latest update is that there’s no real update – yet! Prices are seemingly steady so far and it’s being called the calm before the storm as we wait to hear from the Fed on Wednesday when they will issue their interest rate decision and monetary policy statement. At the same time, we wait for news from Congress at the end of this week as to whether or not there will be a government shutdown on Friday at midnight, which could also impact the market.
Moral of the story? Play it safe and get your rates locked!