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Financial Reports

Fed Policymakers Make Interesting Decision on Interest Rates

According to a press release by the Federal Reserve, the Federal Open Market Committee (FOMC), the current target federal funds rate will hold steady at 0.25 to 0.50 percent. Committee members cited positive developments in the U.S economy including jobs growth, stronger labor markets and gradually increasing inflation. In addition, stronger housing sector and household spending were also noted as positive signs for the economy. Committee members cited risks associated with global economic and financial developments as a concern.

By |2017-08-10T02:03:37-04:00March 17th, 2016|Financial Reports|Comments Off on Fed Policymakers Make Interesting Decision on Interest Rates
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What’s Ahead For Mortgage Rates This Week – March 14, 2016

Last week's economic news included Fannie Mae's Home Purchase Sentiment Index along with weekly reports on mortgage rates and new jobless claims. The City of Detroit also announced a program to help would-be buyers purchase homes that do not qualify for mortgage loans due to severe damage.

By |2017-08-10T02:03:43-04:00March 14th, 2016|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – March 14, 2016
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What’s Ahead For Mortgage Rates This Week – December 16, 2013

Mortgage Debt Rises For First Time Since Recession Last week was relatively quiet concerning scheduled housing-related news, but the Federal Reserve's financial accounts report, released on Monday, indicated that mortgage debt in the U.S. had increased for the first time since the first quarter (Q1) of 2008.

By |2017-08-10T02:19:06-04:00December 16th, 2013|Mortgage Rates|Comments Off on What’s Ahead For Mortgage Rates This Week – December 16, 2013
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What’s Ahead For Mortgage Rates This Week – August 12, 2013

Highlights of economic news from last week, include a survey of senior loan officers from U.S. and foreign banks doing business in the U.S. indicated that banks were gradually easing lending standards for business and consumer loans, but viewed lending criteria for home loans as more restrictive than other types of loans.

By |2017-08-10T02:19:45-04:00August 12th, 2013|Housing Analysis|Comments Off on What’s Ahead For Mortgage Rates This Week – August 12, 2013
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