Tag Archives: Interest Rate

A survey of consumer expectations for the next 12 months has been released by an affiliate of the Federal Reserve Bank. Found out how optimistic most Americans feel about the coming year and how this will affect the housing market.

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.

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.

Concern over what will happen now that the Fed has raised the interest rate for the first time in a decade‒‒and with further increases on the way‒‒is surprisingly minimal. Read on to see which group of Americans are not particularity worried about future rate hikes.

The Federal Reserve made the long-awaited, much-anticipated announcement on Wednesday afternoon that federal funds target rate will increase by a quarter of a percentage point from its near-zero level where it has been since 2006.

In light of the recent, lower-than-expected jobs report for September, the Federal Reserve may hold off on raising interest rates until stronger labor market data comes forth.