First Time Home Buyers
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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 →Mortgage rates lost a little ground last week.
Continue Reading →Most first time home buyer programs saw rates go a little higher last week. The economic calendar was almost empty and the markets drifted just slightly higher.
Continue Reading →They were indeed influential, pushing rates to their highest levels of the year for most first time home buyer loans. The notable exception was the state programs as those are not typically driven by market fluctuation.
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 →The Federal Open Market Committee ends their 2-day meeting today in Washington. It is the first of 8 scheduled meetings for the policy-setting group in 2010.
Upon adjournment, the Fed will issue a press release to the markets recapping its views of current economic conditions and their outlook in the [...]
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.
Continue Reading →Mortgage rates improved last week as money poured out of the stock market. The S&P dropped 4% in its worst week since October 2009.
This week looks to be extremely volatile.
Continue Reading →