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Mortgage rates have been improving since the Fed's mid-day meeting Wednesday.
Mortgage rates and the Fed Funds Rate have different masters. The former is by Wall Street; the latter by government committee. Use government clues to make sure you lock your mortgage rate at just the right time.
The Fed stood pat today. No change in policy and no QE3. Wall St didn't expect that. In response, mortgage rates have dipped to new lows. Act quickly, though. Low rates never seem to last very long.
The Fed is expected to grease the mortgage markets with QE3, a new round of economic stimulus. When it does, mortgage rates will (finally) move. And move big.
Mortgage rates are rising after the Federal Reserve's November 2 2011 meeting. Wall Street expected the Fed to make new stimulus. It didn't. QE3 will have to wait until another day.
The Federal Reserve has launched a new $400 billion market stimulus plan. Known as "The Twist", the program aims to lower long-term interest rates for everyone.
The Federal Reserve may add stimulus that helps the mortgage bond market today, but don't bet the farm on lower mortgage rates for homeowners.
The press might tell you that mortgage rates and the Fed Funds Rate are connected. That's bad journalism. If the assertion was true, this chart would be straight line.
The FOMC held the Fed Funds Rate at its current target near 0.000% today, but the vote was far from unanimous. Here's what it means to mortgage rates.
There is only one thing that controls where mortgage rates go next -- and it's not the 10-year treasury note.
The FOMC held the Fed Funds Rate at its current target near 0.000% today. Here's what it means to mortgage rates.
It's hard to be a home buyer when the FOMC meets. Rising mortgage rates affect purchasing power and it doesn't take much for the FOMC to lead mortgage rates up.
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.
Since the FOMC's last meeting in December, mortgage rates are up 0.875%. And, with the Fed calling for more inflation in 2011, mortgage rates will rise more. What the Fed said, and what to do with the information.
Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. Mortgage rates are rising.
The Federal Open Market Committee called economic growth "disappointingly slow" and pledged another $600 billion to bond markets. Mortgage markets expected more; rates are slowly rising.
There were no surprises in the Fed’s statement so, as a result, the mortgage market's reaction to the release has been neutral. Mortgage rates in Ohio are thus far unchanged this afternoon.
The Fed set mortgage rates downward this week, but now is not the time to wait-and-see where rates go next. A turnaround could happen just like .
The Fed re-affirmed its plan to hold the Fed Funds Rate near zero percent “for an extended period” today. Mortgage rates remain low and the Refi Boom continues.
The Fed wrote in its June press release: "Financial conditions have become less supportive of economic growth on balance, largely reflecting developments abroad." Translated -- Europe concerns us. It's why 30-year fixed mortgage rates are cutting 4.500 percent.
