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The Federal Reserve stands ready for more stimulus. Mortgage rates react.
The Fed's April 2012 FOMC meeting has concluded. Mortgage rates will rise long before the Fed Funds Rate does.
The March Fed Minutes highlight how mortgage rates are unsustainable at their current, sub-4 levels. Rates are just itching to rise nationwide.
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.
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.
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.
The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates in Ohio are slightly higher since.
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.
Mortgage markets improved yesterday after the Federal Reserve released its March 16, 2010 meeting minutes. It's good news for Cincinnati home buyers and rate shoppers -- rates could have just as easily gone the other way.
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.
In total, there are literally hundreds of influences on the day-to-day mortgage rates you and I see from our banks. It's part of what makes predicting mortgage rates so challenging. You never know which of the hundreds are influences are about to come into play. The obvious influences are inflation data, housing stats, and job markets. It's less-than-obvious factors, though, that really screw things up.
A brief recap of the FOMC's statement today and what it means to mortgage rates. In short, rates are higher and should go higher still.
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.
With consumer confidence on the mend, net job gains nearing zero, and Retail Sales rebounding, Wall Street had bid up mortgage rates this month. Mostly, the trading was just jockeying for position ahead of the December 15-16 FOMC meeting. Investors were worried that the Fed would blink; that it would change its economic outlook for 2010 and have to start raising the Fed Funds Rate sooner than forecast; that inflation fears would return. Instead, none of that happened.
