Fed Lowers Key Interest Rate For First Time Since Great Recession

The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as "quantitative easing." The Fed committee confirmed a quarter-point cut to 2.00 to 2.25 percent.

By |2019-08-06T12:45:00-04:00August 6th, 2019|Federal Reserve|Comments Off on Fed Lowers Key Interest Rate For First Time Since Great Recession

Fed Minutes Predicts Tapering Of Quantitative Easing Program

Housing Starts exceeded expectations and also beat October's reading of 889,000. November housing starts were posted at 1.09 million against a consensus of 963,000. This reading is more in line with the NAHB/Wells Fargo Home builder Market Index, which reached a four month high with December's reading.

By |2017-08-10T02:19:00-04:00December 19th, 2013|Federal Reserve|Comments Off on Fed Minutes Predicts Tapering Of Quantitative Easing Program

Fed Meeting Minutes Expose Rising Interest Rate Risk

Minutes of the Federal Open Market Committee recently released may have a significant impact on mortgage rates going forward. One significant development from the meeting suggests that the present quantitative easing program may be modified in the near future.

By |2017-08-10T02:21:46-04:00May 23rd, 2013|Federal Reserve|Comments Off on Fed Meeting Minutes Expose Rising Interest Rate Risk

Fed Meeting Minutes Reveal Rising Wealth Among Homeowners

The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013. These periodic meetings by the FOMC cover a wide ranging group of topics that impact the overall economy in the United States.

By |2017-08-10T02:22:51-04:00April 12th, 2013|Federal Reserve|Comments Off on Fed Meeting Minutes Reveal Rising Wealth Among Homeowners