Mortgage Rates Fall Back to Unchanged After FOMC

Mortgage Rates were on the rise after Fed's March 19th announcement.   Fed released minutes today to further explain some of the factors that may have concerned markets back in March.  The Fed expressed its own concern that markets had "misconstrued a shift in Fed forecasts" for the first rate hike.  In general, "Fed accommodation" has been beneficial for interest rates.  Short version:  no need to panic and rates are headed back down to where they were on March 19th before this announcement.