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Federal Reserve

A Simple Explanation Of The Federal Reserve Statement (September 21, 2010 Edition)

Today, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.

The Federal Reserve Meets Today. Should You Lock Your Rate Before It Adjourns?

If you're actively shopping for a mortgage, it may be prudent to lock your rate ahead of the Fed's announcement today.

Bank Mortgage Lending Policies Appear To be Easing

According to the Federal Reserve's quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It's a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.