The Federal Open Market Committee will convene next week for the last time this year and are expected to sweep the industry will a change to the federal funds rate, something that has not been done since June 2006.
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 »Interest Rate Hike Highly Likely at December Meeting, FOMC Minutes Show
The elusive interest rate hike that the mortgage industry has anticipated for quite some time may finally happen in December 2015. Minutes from the Federal Open Market Committee's October meeting showed that most of the members appear to be on-board for a December rate increase.
Read More »Mortgage Interest Rates Fall Even Lower Amid Fed’s Hold on Increase
Following the Federal Open Market Committee's decision to leave interest rates untouched, the Federal Housing Finance Agency reported Thursday that interest rates on conventional purchase-money mortgages fell in September.
Read More »Interest Rates Unchanged as Fed Holds on Increase Until Further Economic Improvement
As the Federal Open Market Committee reconvened Wednesday, results from their October 27th and 28th meeting placed yet another hold on the rate hike, leaving the federal funds rate at the current 0 to 1/4 percent target range.
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.
Read More »Homebuyers Unshaken by Possible Rate Increase
Buyers are still motivated to purchase homes, even if the Federal Reserve decides to raise interest rates in one of their last two meetings of the year.
Read More »Federal Reserve Leaves Interest Rates Unchanged in Meeting
The Federal Reserve decided on Thursday to keep the federal funds target rate at zero to 1/4 percent, where it has been for nine years, at the September meeting of the Federal Open Market Committee.
Read More »Federal Reserve Keeps Interest Rates Near Zero
"In determining how long to maintain this target range, the Committee will assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation," the Fed said in a statement.
Read More »Fed Rate Hike Still Questionable but Economy Nearly Ready for Increase
The minutes from the July 28-29, 2015 Federal Open Market Committee (FOMC) meeting released Wednesday confirmed that the economy is still unprepared for a hike in the federal funds rate, but the increase is imminent.
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