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Tag Archives: FOMC

Fed Chair Calls for Looser Regulations

Janet Yellen sat in the hot seat in front of the Senate Thursday, completing the second half of her semi-annual testimony. What recommendations did she give the committee, and did they fall in line with recent calls by politicians in the CHOICE act?

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FOMC Hikes Interest Rates; Will Mortgage Rates Follow?

The Fed has voted for the second time this year to raise interest rates, a decision that was hinted at back in March by Janet Yellen, FOMC Board of Governors Chair. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. It is currently unclear how the hike in interest rates will affect mortgage rates.

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Fed Expected to Raise Interest Rates: Or Will They?

Federal Open Market Committee is set to finish its June meeting on Wednesday and it is widely expected that they will raise interest rates in order to keep the economy stabilized, even though inflation remains around 2 percent. In May, when they last met, members of the board chose to keep interest rates at their current level. Will this mean anything for mortgage interest rates? One expert believes it might not impact the mortgage market at all.

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Mortgage Rates Steady Amidst FOMC Meeting

Mortgage rates remained fairly steady this week, even as the Financial Open Market Committee met to discuss potential hikes in the federal funds rate. These low rates may not stay for long, however. Reports found that the rate for a 30-year fixed-rate mortgage has stayed flat, but experts noted that the Fed's "half-full" economic outlook may mean rates will rise again at some point this year.

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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.

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Mortgage Rates Dip as All Eyes on Fed

Fed

On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.

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Reports Show Continued Mortgage Rate Decline

Poor growth in the economy in the first three months of 2017, coupled Federal Open Market Committee’s March meeting minutes just released to spur a drop in mortgage rates. Thirty-year fixed mortgages and 15-year FRM both showed lower rates this week and a steady decline during the first three months of the year. This marks the third consecutive week of reductions.

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Yellen on Dodd-Frank and Interest Rates

At Tuesday's meeting with the Senate Committee on Banking, Housing, and Urban Affairs, Federal Reserve Chair Janet L. Yellin discussed the current economy, increasing job growth, interest rates and the uncertain future of Dodd-Frank.

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