Federal Open Market Committee Archives - CENTURY 21 Advantage Gold

FOMC Statement: Fed Holds Steady on Rates

According to statement issued at the conclusion of today's Federal Open Market Committee meeting, committee members decided against raising the target federal funds rate. Mixed economic conditions, slower economic growth in the 4th quarter and low inflation contributed to the decision against raising rates. The target federal funds rate was raised in December to a range of 0.25 to 1.59 percent after remaining at 0.00 to 0.25 percent for several years. While rising fed rates were expected to cause a hike in mortgage rates, mortgage rates fell after December's rate hike.

By Bill Lublin|2017-08-10T02:04:38-04:00January 29th, 2016|Market Outlook|Comments Off

What’s Ahead For Mortgage Rates This Week – December 21, 2015

Last week's scheduled economic reports included the NAHB Housing Market Index, Housing Starts, FOMC statement and Fed Chair Janet Yellen's press conference. In addition to weekly reports on jobless claims and mortgage rates, inflation reports were also released.

By Bill Lublin|2017-08-10T02:05:26-04:00December 21st, 2015|Market Outlook|Comments Off

Federal Reserve Raises Short-Term Interest Rates

After prolonged speculation by economic analysts and news media, the Federal Open Market Committee of the Federal Reserve raised short-term interest rates for the first time in seven years. Committee members voted to raise the target federal funds rate to a range of 0.25 to 0.50 percent from a range of 0.00 to 0.25 percent to be effective December 17.

By Bill Lublin|2017-08-10T02:05:29-04:00December 17th, 2015|Market Outlook|Comments Off

What’s Ahead For Mortgage Rates This Week – December 14, 2015

Last week's scheduled economic releases included reports on job openings, retail sales and consumer confidence in addition to usual weekly releases on mortgage rates and new jobless claims.

By Bill Lublin|2017-08-10T02:05:34-04:00December 14th, 2015|Market Outlook|Comments Off

What’s Ahead For Mortgage Rates This Week – November 23, 2015

Last weekâs economic events included reports the National Association of Home Builders Housing Market Index, Housing Starts and the release of minutes for the most recent meeting of the Fedâs Federal Open Market Committee. The details:

By Bill Lublin|2017-08-10T02:05:59-04:00November 23rd, 2015|Market Outlook|Comments Off

What’s Ahead For Mortgage Rates This Week – November 16, 2015

Last week's scheduled economic news was sparse due to no scheduled releases on Monday and the Veterans Day Holiday on Wednesday. A report on job openings was released on Thursday along with regularly scheduled weekly reports on jobless claims and Freddie Mac’s report on mortgage rates.

By Bill Lublin|2017-08-10T02:06:05-04:00November 16th, 2015|Market Outlook|Comments Off

What’s Ahead For Mortgage Rates This Week – November 09, 2015

Last week's economic reports included releases on construction spending and several labor-related reports including ADP payrolls, Non-Farm payrolls, average hourly earnings and weekly jobless claims. Freddie Mac reported that mortgage rates rose as the national unemployment rate decreased to 5.00 percent.

By Bill Lublin|2017-08-10T02:06:14-04:00November 9th, 2015|Market Outlook|Comments Off

Mortgage Rates Rise For Third Straight Week

Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?

By Bill Lublin|2017-08-10T02:27:21-04:00August 17th, 2012|Mortgage Rates|Comments Off

A Simple Explanation Of The Federal Reserve Statement (March 15, 2011 Edition)

Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0.

By Bill Lublin|2017-08-10T02:37:38-04:00March 15th, 2011|Economy, FOMC|Comments Off

Fed Minutes Show Lower Unemployment And Higher Growth For 2011 and 2012

The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known "Fed Statement" that's released immediately post-adjournment.

By Bill Lublin|2017-08-10T02:37:52-04:00February 19th, 2011|Economy, FOMC|Comments Off

The Fed Met Last Week. What It Means To Mortgage Rates.

The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It's the group's first meeting of 2011 -- one of 8 scheduled for the year.

By Bill Lublin|2017-08-10T02:38:17-04:00January 31st, 2011|Economy, FOMC|Comments Off

A Simple Explanation Of The Federal Reserve Statement (January 26, 2011 Edition)

Today, the Federal Open Market Committee voted 10-to-0 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. Mortgage rates are reacting.

By Bill Lublin|2017-08-10T02:38:22-04:00January 26th, 2011|Economy, FOMC, Real Estate|Comments Off