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Fed Monetary Policy: No Rate Increase in June

June 16, 2016 by Rilian Ball

According to its post-meeting statement issued Wednesday, the Federal Open Market Committee of the Federal Reserve voted not to increase its target federal funds rate. The target federal funds rate will remain at 0.250 to 0.50 percent. Based on review of current and anticipated financial and economic events, the Committee cited slowing job growth and momentum of inflation-based compensation as reasons supporting its decision. While the national unemployment rate recently fell to 4.70 percent, … [Read more...]

Filed Under: Mortgage Rates Tagged With: Fed Policy, Rate Hikes

What’s Ahead For Mortgage Rates This Week – November 16, 2015

November 16, 2015 by Rilian Ball

Last week's economic releases included Existing Home Sales, Commerce Department Releases on Housing Starts and Building Permits and the National Association of Home Builders/Wells Fargo Housing Market Index. Mortgage rates and new jobless claims were released according to their weekly schedule. Home Builder Confidence Holds Firm in April According to April's National Association of Home Builders/Wells Fargo Housing Market Index, home builder confidence held steady with a reading of 58 for the … [Read more...]

Filed Under: Mortgage Rates Tagged With: Freddie Mac, Housing Market Index, Mortgage Rates, National Association of Realtors

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