Need Mortgage Help?
888-760-0222
Fast Mortgage Rate Quotes

Tag Archive | "FOMC"

What Is The Federal Reserve: Federal Reserve System Basics

Overview The central bank of the United States that is entrusted with the responsibility of making sure the nation has a flexible, safer, and stable monetary and financial system is known as the Federal Reserve or just the Fed. The Congress created this system after President Woodrow Wilson signed the agreement that made the Federal […]

Read The Full Post »

Tags: , , , ,

What is the FED or FOMC?

Who Is The Fed? And What Does The FOMC Do? The key to understanding the Fed and the Federal Open Market Committee (FOMC) is to know that all the cash in the country and the world is only a small fraction of the amount of money in the economy at any given time. Most of […]

Read The Full Post »

Tags: , , ,

Fed Reserve Basics: What is the Federal Reserve?

The question ‘What is the Federal Reserve?’ has been asked countless times by countless news watchers and home owners that are trying to understand how the FED affects mortgage rates and finance in general.  Known as the Fed, this body is the independent central bank of the United States. So why all the uncertainty? Most […]

Read The Full Post »

Tags: , , ,

Mortgage Wrap Up for the Week Ending September 7, 2012

Mortgage rates have fallen consecutively over the past two weeks. Today saw disappointing employment data released that further pushed mortgage rates closer to all time historic lows. While the employment data wasn’t entirely negative with 96,000 new jobs nationwide last month, it was lower than forecasted and confirmed an overall slowdown in job growth throughout 2012. Other […]

Read The Full Post »

Tags: , , ,

Ben Bernanke Gives Semiannual Monetary Policy Report to the Congress

This morning Ben Bernanke testified before Congress delivering his Semiannual Monetary Policy Report. The report concludes that unemployment is still high and the reduction of the unemployment rate is taking longer than desirable. The report also reaffirms previous FED statements that the FED will keep rates exceptionally low at least through 2014. Semiannual Monetary Policy […]

Read The Full Post »

Tags: , ,

Mortgage Rate Wrap Up for the Week of July 13, 2012

Mortgage rates have moved up slightly today, ending an unprecedented move downward that saw mortgage rates move down every day since last Friday. The market will be watching US Economic data and any news coming out of Europe for any clues as to where mortgage rates go from here. We’ve consistently made new all time […]

Read The Full Post »

Tags: , ,

Post FOMC Meeting Mortgage Rate Update

When the FOMC (Federal Open Market Committee) convened their fifth of eight annual meetings on Wednesday, they voted to leave the Fed Funds Rate unchanged at  0.000-0.250 percent. The Fed Funds Rate is the rate at which banks lend money to each other overnight. The FOMC also noted that they saw moderate expansion in the economy this […]

Read The Full Post »

Tags: , ,

Day of the FED: Mortgage Rate Outlook

Today will mark the end of the two day FOMC (Federal Open Market Committee) or FED meeting that began on Monday and is the fourth or eight annual meetings. Once the meeting has finished, the FOMC will release a press release with its commentary on recent economic data, world events that might affect US markets […]

Read The Full Post »

Tags: , ,

Mortgage Rate Outlook for the Week of June 18, 2012

Last week saw mortgage rates improve considerably towards the end of last week, setting and then ending near all time lows, a story we’ve reported over and over again in the past weeks and months. Going into the weekend, the big event of the weekend was the Greek vote that took place on Sunday. Since […]

Read The Full Post »

Tags: , , , ,

Mortgage Wrap Up for Week Ending June 8, 2012

The first few days of the week saw mortgage rate rising slightly on rumors of pending stimulus actions by US and European governments. The course has reversed over the past few days as mortgage rates have moved back to their best levels of the week. In fact, Freddie Mac announced yesterday that yet again, mortgage […]

Read The Full Post »

Tags: , , ,

Mortgage Rates