This week is starting off slow with little economic data being released. Two major data releases may impact mortgage rates this week with Beige Book data (relied upon by Fed during their meetings) being released on Wednesday and Retail Sales being released on Thursday. Some Fed members are speaking as well and the market is [...]

This week mortgage rates have yet again, made all time historical lows. Factors in this historic mortgage rate movement include the realization that the European debt crisis is going to take a long time to fix and slower than expected improvement in the US economy. The Federal Open Market Committee (FOMC) Meets The Federal Open [...]

Mortgage rates continue a push downward early this week, challenging the all time historic lows set a few months ago. This week mortgage rates movement will be based on a few key pieces of data being released, any worthy news coming out of the FOMC meeting that begins tomorrow and any new news coming out [...]

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 9-1 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. Some Key Points From the FOMC Press Release: “Economic growth strengthened somewhat in the third quarter, [...]

The past weeks have seen mortgage rates break previous lows and set new record lows. These rates have been driven down by a slew of negative economic data that has has disappointed expectations. Additionally, the lack of leadership in Congress led to an embarrassing show over the debt ceiling, which played a role in S&P [...]

The Federal Reserve released notes from the June 21-22 Federal Open Market Committee (FOMC) meeting on Tuesday, shedding light on the FOMC’s current observations of the market and how it will be adjusting its activities moving forward. This release of minutes is one of eight releases the Fed meets, following each of the eight Fed [...]

We start the week off in a positive direction for mortgage rates stemming from multiple positive economic events last week. The first event was good news regarding Greece’s debt issues as the country looks to pass an act that will lay out a plan for remaining solvent and keep other European nations and the IMF [...]

As the Real Estate and financial markets continue to move up and down, mortgage rates can also be affected. Since mortgage rates are more closely tied to the bond markets, an up or down move in the stock market may not have the result in mortgage rates that one might expects. In fact, many times [...]