Making A Mortgage Rate Strategy Ahead Of The Fed’s Meeting This Week

The Federal Open Market Committee begins a 2-day meeting today, its fourth scheduled meeting of the year, and fifth overall. There's no expectation for the Fed to change the Fed Funds Rate but that doesn't mean consumers should expect mortgage rates to remain unchanged, too.

By |2017-08-10T02:40:45-04:00June 22nd, 2010|FOMC|Comments Off on Making A Mortgage Rate Strategy Ahead Of The Fed’s Meeting This Week

A Rate-Locking Strategy For Today’s Fed Meeting

The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year. The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since December 16, 2008, and the voting members of the Fed are expected to vote "no change" again today.

By |2017-08-10T02:42:15-04:00March 16th, 2010|Economy, FOMC, Mortgage Lending|Comments Off on A Rate-Locking Strategy For Today’s Fed Meeting

A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.

By |2017-08-10T02:43:00-04:00January 27th, 2010|FOMC|Comments Off on A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)