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For the first time in its 99 years, the Federal Reserve has set an explicit target rate for inflation. The Fed's inflation target will change how you shop for mortgages.
Mortgage rates are low because of 4 forces, each in place since 2009. Today, those forces fade into history. When they're gone, so will low mortgage rates. Read why mortgage rates are positioned to rise, and rise sharply.
I made a lot of mortgage charts in 2011, covering rates, costs, and new programs. Here is a collection of the best of them.
Need a mortgage rate prediction? I participate in the Bankrate.com Mortgage Rate Trend Index. This week's survey tells you whether to lock or float your rate.
Last year, a sagging, slowing U.S. economy is one reason why mortgage rates were so low. As those conditions reverse, it follows that mortgage rates should reverse, too. And they are.
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.
Looking for a mortgage rate prediction? I am a voting member in the Bankrate.com Mortgage Rate Trend Index. This week's survey should give you good guidance.
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".
Political unrest across the Middle East is putting oil prices on the move. It's awful for mortgage rate shoppers going forward. Barring a change of pace, this week might represent the best mortgage rates of the year.
Inflation is a self-reinforcing cycle. The longer it lasts, the more insidious its effects, and mortgage rates are an unfortunate consequence.
Mortgage rates are getting slaughtered this month; rising every day since January ended. It's an historic losing streak for conventional mortgage rates.
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.
I can't help but think that the market looks a lot like May 2009. Inflation fears took rates up 1.125% in 10 days back then.
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 government rounds inflation figures to one decimal point when it releases its data -- an imprecise way of reporting precise information. It's helping to keep mortgage rates artificially low.
According to Google, "deflation" chatter is growing. It's extending the Refi Boom for another few weeks.
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 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.
