What's Ahead This WeekLast week was quite for economic news.  Mortgage rates and  remained relatively stable, with slight variation through the week.  Even the release of the FOMC meeting minutes from 1/30/13 on Wednesday didn't cause much of a stir.  There were no surprised to cause rates to move eit...
25.02.13 04:45 PM - Comment(s)

FOMC statementThe Federal Reserve's Federal Open Market Committee (FOMC) voted to maintain the Federal Funds Rate within its current range of zero to 0.25 percent, and to continue its current stimulus program of purchasing $85 billion monthly in Treasury bonds and mortgage-backed securities (MBS).

Citing weather-r...

31.01.13 04:45 PM - Comment(s)
30-year mortgage ratesMortgage markets worsened last week as the investors moved back into risk-taking mode. Better-than-expected economic data in the U.S. plus a general feeling that the ongoing Eurozone issues will be soon be resolved (or lessened) contributed to a second straight week of rising mortgage rates. One suc...
13.08.12 03:45 PM - Comment(s)

FOMC Fed MinutesThe Federal Reserve released the minutes from its June Federal Open Market Committee meeting, revealing a Fed divided on the future of the U.S. economy. Mortgage rates are higher after the release of the minutes.

The Fed Minutes is the detailed recap of an FOMC meeting. It is the companion piece...

12.07.12 03:45 PM - Comment(s)

Putting the FOMC statement in plain EnglishThe Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.

For the fifth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, disse...

25.04.12 08:00 PM - Comment(s)
Fed Funds Rate 2006-2012Mortgage markets worsened last week as the Federal Reserve's Federal Open Market Committee suggested economic recovery may be closer than it originally expected, and that inflation may be a near-term economic concern. Although the FOMC voted to leave the Fed Funds Rate unchanged in its current range...
19.03.12 03:45 PM - Comment(s)

Putting the FOMC statement in plain EnglishTuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.

For the fourth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member dissented in the 9-1 vote.

The Fed Funds Rate has been nea...

13.03.12 09:30 PM - Comment(s)

FOMC Minutes January 24-25 2012The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012.

The Fed Minutes is a summary of the conversations and debates that shape our nation's monetary policy. It receives less attention than the Fed's more well-known, post-meeting press release, but the Fed Minut...

24.02.12 04:45 PM - Comment(s)
Fed Funds RateMortgage markets improved last week, but by a slight amount only; not enough to move conventional mortgage rates in Virginia in any significant manner. Wall Street watched as Eurozone leaders expressed little willingness to increase aid programs within the region, and as the Federal Reserve vot...
19.12.11 04:45 PM - Comment(s)
Fed Funds RateMortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt. Conforming mortgage rates in Virginia fell last week and now hover near the all-time lows set last November. Adjustable-rate mortgages are especiall...
27.06.11 04:09 PM - Comment(s)
Job Growth (2000-2011) Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April  Non-Farm Payrolls report and momentum has been strong. The monthly jobs report is a market-mover and analysts expect that 196,000 new jo...
05.05.11 04:01 PM - Comment(s)

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