Mortgage Rates
Explaining What The Federal Reserve Did In Plain English (April 29 2009 Edition)
April 29, 2009 by jberman · Leave a Comment
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent. The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the economy may still be contracting, but that it’s [...]
How Swine Flu Helps Mortgage Rates
April 28, 2009 by jberman · Leave a Comment
Monday, mortgage markets improved with news of new Swine Flu cases. It’s a classic example of Safe Haven buying and today’s rate shoppers will see the benefits. Mortgage rates improved about 0.125 percent Monday. It’s not an official term, but “Safe Haven buying” describes the trading patterns in which large numbers of investors move money [...]
What’s Ahead For Mortgage Rates This Week : April 27, 2009
April 27, 2009 by jberman · Leave a Comment
Last week, like the 3 weeks prior, mortgage markets were all over the place from day-to-day. But, also like the 3 weeks prior, when the week ended Friday, rates were right back where they started from Monday. For the 4th straight week, mortgage rates started and ended the week essentially unchanged. Whether or not this [...]
Predicting The Federal Reserve’s Next Move: April ’09 Edition
April 22, 2009 by jberman · Leave a Comment
The Federal Reserve meets next week for a policy-setting meeting. It’s one of 8 scheduled Fed meetings this year in which the Federal Open Market Committee votes on whether to raise, lower, or leave unchanged the Fed Funds Rate. Based on data compiled by the Federal Reserve Bank of Cleveland, Wall Street’s expectations of the Fed [...]
What’s Ahead For Mortgage Rates This Week: April 20, 2009
April 20, 2009 by jberman · Leave a Comment
For the third week in a row, mortgage markets improved early in the week, only to give back the gains before Friday’s close. Mortgage rates ended last week exactly where they started. However, if you locked your mortgage rate Tuesday, you got a rate decidedly lower than someone who waited until Friday. Last week, one of the biggest [...]
