Indeed, they will surely raise the fed funds rate all the way up to 5%. The hike on March 27/28 is guaranteed 95% while the hike in May has a chance of 50-60%.
So do you think the expected 3/27 hike is already built into the current yield curve? I assume it is.
I will probably be locking a mortgage in at that time, so I have a vested interest here. :)
I read somewhere today the goal post was 5.4%