Currently viewing the tag: "federal open market committee"

Mortgage Rates Unchanged…Then Very Changed

On January 5, 2011 By

If unemployment moves lower, it is usually will mean that home values and mortgage rates move higher. If that’s the case, home affordability figures should drop from these unprecedented levels.

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Fed Meeting Adjourns

On November 3, 2010 By

The post-meeting statement was just released on their site. From the statement:

To promote a stronger pace of economic recovery and to help ensure that , over time, is at [...]

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Thoughts on Mortgage Rates in a Fed Week

On June 22, 2010 By

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.

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Fed Policy Statement Today

On January 27, 2010 By

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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Federal National Mortgage Association

On September 23, 2008 By

Federal National Mortgage Association, or FNMA, is another name for Fannie Mae. Fannie Mae is a shareholder-owned, federally chartered corporation that purchases mortgages, repackages them into mortgage-backed securities, and then sells those securities to investors. Fannie Mae (not the U.S. government) guarantees principal and interest payments on the securities, no matter what happens with [...]

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