Even if mortgage rates increase in the next year, first-time home buyers still have reason for optimism in 2018.
Read More »Fed Keeps Rate As-is Amid Economic Optimism
Despite sluggish economic growth in Q1 and the widely held assumption that the Fed would raise rates at least two more times this year, the Federal Open Market Committee opted to keep the federal funds rate as is at its May meeting. Raised in March, the rate currently sits at 1 percent. The Committee cited job gains and lower unemployment as factors in its decision.
Read More »Prepare for Takeoff: Mortgage Rates Set to Climb
Mortgage rates hovered record lows for most of the summer. But one analyst said that is likely about to change.
Read More »‘Close Call’ Could Mean Rate Hike is Imminent
The 10 voting members of the Fed’s policymaking arm are sharply divided on whether or not the economy is ready for a short-term rate increase.
Read More »Fed’s Yellen Leans on Economy for Future Rate Hikes
Federal Reserve Chair Janet Yellen said Monday that the central bank will raise the federal funds rate when economic outlook uncertainties clear the air.
Read More »Fed Freezes on Rate Hike
Even though the housing sector has shown further improvement, the Federal Open Market Committee dodged another rate increase this month like many in the industry predicted.
Read More »Fed Opts Out of Rate Hike Until ‘Further Improvement’ in Economy
The Federal Open Market Committee (FOMC) stood still Wednesday as all eyes in the mortgage industry awaited their announcement to leave the federal funds rate at its current level.
Read More »So the Fed Raised Rates, Now What?
So now that the rates are higher, mortgage industry professionals are now wondering how this change will be impact their business moving forward into the new year. Several executives sat down with MReport to give their thoughts on if the housing market will thrive, stall, or completely shatter in the near future.
Read More »The Pressure’s On: Will the Fed Raise Rates Next Week?
On Wednesday, December 16, the Federal Open Market Committee (the policy-making arm of the Federal Reserve) will wrap its eighth and final meeting of 2015. Nearly everyone from economists, analysts, and even the policymakers themselves are predicting the FOMC to announce the Fed’s first federal funds rate hike in nine years.
Read More »FOMC Minutes Show Interest Rate Hike Delayed Due to Global Economic Woes
The minutes from the Federal Open Market Committee September meeting showed that the Fed's concern mostly lingers around global economic troubles, but they still intend to raise rates before the end of 2015.
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