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Mortgage Rate Outlook for May 16, 2012
Yesterday saw mortgage rates take a breather from their downward path, despite breaking all time historic lows last week and mounting downward pressure in the form of European debt issues. The...
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Mortgage Rate Wrap Up for the Week of May 18, 2012
Today saw mortgage rates improve today, albeit in a marginal way. This has been a busy week with European / Greek drama, a Facebook IPO, new historic record low mortgage rates and a release of the FOMC...
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Mortgage Wrap Up for Week Ending June 8, 2012
The first few days of the week saw mortgage rate rising slightly on rumors of pending stimulus actions by US and European governments. The course has reversed over the past few days as mortgage rates...
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Mortgage Rate Outlook for the Week of June 18, 2012
Last week saw mortgage rates improve considerably towards the end of last week, setting and then ending near all time lows, a story we’ve reported over and over again in the past weeks and months....
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Day of the FED: Mortgage Rate Outlook
Today will mark the end of the two day FOMC (Federal Open Market Committee) or FED meeting that began on Monday and is the fourth or eight annual meetings. Once the meeting has finished, the FOMC will...
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Post FOMC Meeting Mortgage Rate Update
When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings on Wednesday, they voted to leave the Fed Funds Rate unchanged at 0.000-0.250 percent. The Fed Funds Rate is...
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Mortgage Rate Wrap Up for the Week of July 13, 2012
Mortgage rates have moved up slightly today, ending an unprecedented move downward that saw mortgage rates move down every day since last Friday. The market will be watching US Economic data and any...
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Ben Bernanke Gives Semiannual Monetary Policy Report to the Congress
This morning Ben Bernanke testified before Congress delivering his Semiannual Monetary Policy Report. The report concludes that unemployment is still high and the reduction of the unemployment rate is...
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Mortgage Wrap Up for the Week Ending September 7, 2012
Mortgage rates have fallen consecutively over the past two weeks. Today saw disappointing employment data released that further pushed mortgage rates closer to all time historic lows. While the...
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Fed Reserve Basics: What is the Federal Reserve?
The question ‘What is the Federal Reserve?’ has been asked countless times by countless news watchers and home owners that are trying to understand how the FED affects mortgage rates and finance in...
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