FOMC

October 14, 2010

Fed Minutes Edge Mortgage Rates Higher

The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates are slightly higher today.
September 21, 2010

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.
September 21, 2010

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.
July 16, 2010

The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed's words are doing wonders for mortgage rates.
June 24, 2010

A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.
June 22, 2010

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.
April 28, 2010

The Fed Adjourns From A 2-Day Meeting Today And What It Means For Mortgage Rates

The Federal Reserve adjourns from a scheduled, 2-day meeting today. It's one of 8 scheduled Fed meetings for 2010. Upon adjournment, Fed Chairman Ben Bernanke & Co. will release a formal statement to the market. In it, the Fed is expected to announce "no change" in the Fed Funds Rate. Mortgage rates, however, WILL change.
April 27, 2010

Just What Is The Federal Reserve Doing?? Here Is A Simple Explanation After Their Meeting (April 28,2010 Edition)

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. Mortgage rates are rising this afternoon.
March 16, 2010

A Simple Explanation Of The Federal Reserve Statement (March 16, 2010 Edition)

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent.