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Tag Archives: FOMC

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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Fed Raises Rates; What Comes Next?

For the first time in a year and only the second time in a decade, the Federal Open Market Committee raised the federal funds target rate. What implications does the Fed rate hike have for housing going forward?

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Fed Keeps June Rate Hike on the Table

Fed

The Fed fueled further speculation about another rate hike in June, which would be the first time the Fed has raised the federal funds target rate since the historic liftoff in December.

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