Federal Open Market Committee
Federal Open Market Committee
The Federal Open Market Committee, or FOMC, is the 12-person group that sets monetary policies for the Federal Reserve System. The FOMC assesses the state of the economy to determine the appropriate actions necessary. These actions might include increasing or decreasing key interest rates, or conducting open market transactions of government securities to increase or decrease the money supply.
Get Mortgage Rates
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
