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Tag Archive | "FOMC"

Weekly Mortgage Wrap Up for January 13, 2012

Once again we’re seeing mortgage rates close near all time historical lows. Again? We may sound like a broken record, but Eurozone debt issues continue to weigh on the markets, pushing mortgage rates lower. This means that there is still an opportunity to refinance or purchase a home with a mortgage that will cost you […]

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Weekly Mortgage Wrap Up for December 16, 2011

This week mortgage rates have yet again, made all time historical lows. Factors in this historic mortgage rate movement include the realization that the European debt crisis is going to take a long time to fix and slower than expected improvement in the US economy. The Federal Open Market Committee (FOMC) Meets The Federal Open […]

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Mortgage Outlook for Week of December 12, 2011

Mortgage rates continue a push downward early this week, challenging the all time historic lows set a few months ago. This week mortgage rates movement will be based on a few key pieces of data being released, any worthy news coming out of the FOMC meeting that begins tomorrow and any new news coming out […]

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Fed Minutes: Uncertainty About Growth and Inflation

The FED (Federal Open Market Committee) released its minutes for the September meeting today. The market has noted that several FED members considered future bond purchases and suggested the market might require it, a signal of the weakness they may be seeing in the US Economy. There were also signs of disagreement among members about […]

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Federal Open Market Committee Update

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 7-3 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. This Fed press release sheds some light on the FOMC’s current observations of the market […]

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Mortgage Rate Outlook for Week of July 18, 2011

Mortgage rates continued lower last week fueled by concerns regarding employment and statements made in the June Federal Open Market Committee (FOMC) minutes regarding market weakness. The consensus among the majority of the recently released market data and the FOMC minutes is that the overall recovery is still a work in progress and the levels […]

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