First Time Home Buyers
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Freddie Mac’s most recent weekly summary shows a continued push on the all-time interest rate lows that we are currently seeing, but there’s a huge difference in rates for 740 FICOs and 660 FICOs.
Continue Reading →There almost zero expectation that the Fed will change the Fed Funds Rate tomorrow when the meeting adjourns, but that does not mean that we’re forecasting mortgage rates to remain unchanged.
Continue Reading →Mortgage rates have had a nice week.
We were staring at higher rates on Wednesday and then the week took a turn for the better. Wednesday afternoon saw the release of the April meeting minutes and it ignited a 2-day rally.
Continue Reading →The Federal Reserve adjourns from a scheduled, 2-day meeting today. These tend to be highly influential days where mortgage rates can move significantly in a very short amount of time.
Continue Reading →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. Mortgage rates are rising this afternoon.
Continue Reading →No change to Fed Funds Rate. That doesn’t directly relate to “no change” in rates for the first time home buyer programs, but the release was good news for mortgage rates.
Continue Reading →This is because the Fed Funds Rate is really a different interest rate from the rates first time home buyers get from a lender.
Continue Reading →The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy âhas continued to strengthenâ, that the jobs markets is getting better, and that financial markets are supportive of growth.
Continue Reading →Current forecasts are for no changes to the Fed Funds Rate. We are watching the policy statement. We’ll post an update after the meeting adjourns when we see how it will impact mortgage rates.
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