Today the Federal Open Market Committee or FOMC voted on the FED funds rate (the rate at which banks lend money to each other over night) and released it’s thoughts on the state of the economy moving forward. The FOMC voted to keep the target range for the federal funds rate at 0% to 1/4% with only Federal […]
Tag Archive | "Ben Bernanke"
This week concluded with mortgage rates moving in an extremely tight trading range, still near all time historic lows. There were a few pieces of economic data released this week, but nothing that caused any major movement for mortgage rates. Market watchers are still keeping an eye on Europe for any news about potential debt […]
Mortgage rates rose last week following positive news regarding employment as the U.S. unemployment rate fell for the fifth straight month in January, moving down to 8.3%, the lowest level since February 2009. 243,000 jobs were added to the economy during the last month as well. This data provided more confirmation that the economy is moving in a […]
Although there was volatility in the market last week, when all was said and done, mortgage rates remained flat for the week. Last week it looked as though a deal was in place to prevent the much feared debt default in the Eurozone. This week there appears to be doubt about the proposed “solution”, which […]
We’ve seen mortgage rates trend upward over the past two weeks coming off of all time historical lows. This has been fueled by a more clear and positive outlook for preventing Greece from defaulting and an increase in investor funds back into equities. This turn away from bonds is responsible for pushing most indices such […]
The past weeks have seen mortgage rates break previous lows and set new record lows. These rates have been driven down by a slew of negative economic data that has has disappointed expectations. Additionally, the lack of leadership in Congress led to an embarrassing show over the debt ceiling, which played a role in S&P […]
Last week set all time record lows for mortgage rates in the United States. Factors in rates moving lower and lower over the past few weeks have been disappointing economic data and uncertainty about the health of European markets and banks. Since investors move money from equities into bonds in times of uncertainty, the end […]