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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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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 rate 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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Mortgage Outlook for Week of November 21, 2011

Mortgage rates opened the week lower as European concerns continue with Spain and Italy becoming new areas of focus. The market is also concerned over the progress of the Congressional Super Committee or lack thereof. Since this is a shortened week for the Thanksgiving Holiday, it’s hard to know what is in store for mortgage […]

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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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