Tomorrow all eyes are on the Federal Reserve, and the housing industry could experience a shake not felt in over nine years. The industry has been practically holding their breath anticipating what the Fed may or may not do after the Federal Open Market Committee wraps up its last meeting of the year.
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 Edge Up for Second Week in a Row
Mortgage interest rates rose for the second consecutive week following a strong October jobs report and a slight jump in wage growth, which pushed Treasury yields up and increased chances for a December rate hike from the Federal Reserve.
Read More »Economic Conditions Will be Determining Factor for Interest Rate Increase
The Bureau of Labor Statistics’ October jobs report released last week far exceeded expectations, generating widespread speculation that the Federal Reserve will raise short-term rates in the Federal Open Market Committee’s final meeting of the year in December.
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.
Read More »FOMC Meeting Determines Rates Remain Unchanged Until Inflation Improves
Today, the Federal Open Market Committee announced in a press release that it has decided to further postpone raising federal rates until inflation improves. This meeting is the fourth of eight meetings the committee will have this year to discuss market developments, economic conditions, and the highly anticipated federal funds rate increase.
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