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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 December Fed Minutes show the U.S. economy in expansion, and threatened by a European slowdown. Mortgage rates will be volatile for a while and if your rate is not locked, it's floating -- a dangerous situation.
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.
According to the Fed Minutes, Operation Twist was a compromise and more stimulus could be on the way shortly. Here's what that could mean to mortgage rates.
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.
Wall Street thinks the Fed extended its next meeting to make room for QE3 discussion. Economic stimulus may be coming. But what will it do to mortgage rates?
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.
The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. More stimulus may be coming.
The FOMC held the Fed Funds Rate at its current target near 0.000% today. Here's what it means to mortgage rates.
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. But it also foreshadowed new stimulus -- which would be awful for mortgage rates long-term.
As compared to last year, today's mortgage rates are higher by about a half-percent. It's because the economy is growing. Wall Street sees it. The Fed sees it. You should see it, too -- and do something about it.
Today's blog content is posted at Keith Gumbinger's HSH.com. HSH is a regular gig for me; an opportunity to write for a second, mortgage-hungry audience. This week's article is titled "Why the Fed has little control over mortgage rates".
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.
As compared to November, mortgage rates are up. As compared to history, however, mortgage rates remain low. That likely won't stick. Not with the Federal Reserve planning for economic growth.
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.
