The Federal Open Market Committee moved to raise the nominal interest rate by 25 points to a range of 4.50-4.75% at the end of its February meeting.
Read More »Potential Homebuyers Feel Biggest Impact of Rising Rates
“The higher the mortgage rate, the more sellers will go on strike and the more potential buyers will feel the impact of reduced house-buying power, but price appreciation will further slow and potential buyers can use adjustable-rate mortgages to regain some of that lost house-buying power,” said Mark Fleming, First American’s Chief Economist.
Read More »Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their ...
Read More »Fed Makes Historic Rate Hike to Combat Inflation
Three-quarters of a point. This is the amount the Federal Reserve chose to raise the nominal interest rate by citing the need to combat the highest rate of ...
Read More »Mortgage Applications Down as Interest Rates Rise
A report tracking contract interest rates for U.S. mortgages as well as total applications has just been released. Read here to find out which contract interest rates went up the most.
Read More »The Collingwood Group Chairman Debates Fed Rate Hike
With one last opportunity to raise rates this year, many believe that the the Federal Open Market Committee just may follow though with an obscure promise made in the last meeting in October. The Collingwood Group Chairman Tim Rood debated the possible rate hike in December and other topics on Fox Business Network’s Cavuto.
Read More »International Officials Urge Fed to Proceed With Rate Increase
International officials and bankers have voiced that they are tired of the hesitancy seen within the Federal Reserve when discussing interest rate increases.
Read More »Morgan Stanley: Increased Interest Rates on Track to Occur Later This Year
Morgan Stanley recently released a report discussing the minutes from the April 28-29 Federal Reserve Open Market Committee (FOMC) meeting titled, “FOMC: Resolve Stirred, Not Shaken” written by Ellen Zentner, chief U.S. economist at Morgan Stanley.
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