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The Fed's April 2012 FOMC meeting has concluded. Mortgage rates will rise long before the Fed Funds Rate does.
Mortgage rates have been worsening since the Fed's March 2012 FOMC meeting. Here's what's ahead for mortgage rates.
The Fed Funds Rate will stay near 0.000% for an "extended period of time", through 2014 at least. The same can't be said for mortgage rates.
The Fed says the Fed Funds Rate will stay near zero through 2014. They neglected to say the same for mortgage rates. Here's what to expect.
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.
When the Federal Reserve makes a vote on the Fed Funds Rate, it's voting on the rate at which banks borrow from each other. The Federal Reserve is NOT voting to change consumer mortgage rates because, based on its government charter, it can't. Look to Wall Street for that, instead.
The Fed is keeping the Fed Funds Rate in its target range of 0.000-0.250 and has closed all but one of its emergency liquidity programs. Get the breakdown of the Fed's statement and what it means to mortgage rates.
The Federal Open Market Committee starts a 2-day meeting today, one of 8 scheduled meetings for the year. Bernanke & Co. are expected to leave the Fed Fund Rates unchanged after the meeting, but that doesn't mean mortgage rates will be unchanged, too. Au contraire, mortgage rates will be all over the place.
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.
The Federal Reserve begins a scheduled 2-day meeting today during which it which it will vote to leave the Fed Funds Rate unchanged near zero percent. The press will report this tomorrow as "Fed Holds Rates Steady". But, don't confuse this to mean that the Fed held mortgage rates near zero. The Fed doesn't set mortgage rates. The Fed sets the Fed Funds Rate. The former is a long-term rate and the latter is a short-term rate. The Fed Funds Rate and the 30-year fixed mortgage are two different animals.
A brief recap of the Federal Open Market Committee's December 16, 2009 statement and what it means for mortgage rates, homeowners, and the economy.
Recapping the Federal Open Market Committee's September 23, 2009 statement and what it means for mortgage rates, homeowners, and the economy.
The Federal Reserve does not set mortgage rates. Mortgage rates are based on the raw price of mortgage-backed securities plus applicable loan-level pricing adjustments. Or, with respect to jumbo mortgages, rates get set by individual banks. The Fed does, however, influence rates.
Mortgage rates are notoriously volatile when the Federal Open Market Committee meets and today is such a day. Given the current environment of low mortgage rates -- whether you live in Hyde Park, Cincinnati or Hyde Park, Chicago -- there's definitely more chance of mortgage rates rising this afternoon than falling. There's only so much lower rates can go.
