Slight drop in rates after Federal Reserve hike

by the Federal Reserve to lower its benchmark transient financing cost 

After raising on Wednesday focused 75 basis 

There was some reduction in normal home loan rates. 

from the typical 30-year fixed contract rate of 6% 

went quite in the opposite direction. 

The midpoints of 30-year, 15-year fixed, and 5/1 ARMs are: 

30-year fixed contract rates average 5.91% 

The current 20-year fixed contract rate is 5.94% 

The current 15-year fixed contract rate is 5.11% 

The typical 10-year fixed rate contract currently sits at 5.18% 

Normal 5/1 Customizable Home Loan is 4.02% now