What’s Ahead For Mortgage Rates This Week – Feburary 9, 2015
Last week's economic news included construction spending, which fell shy of expectations but exceeded the prior month's spending, and several consumer and labor-related reports.
What’s Ahead For Mortgage Rates This Week – January 20, 2015
Last week's scheduled economic news was mixed. Job openings increased and jobless claims increased, and consumer sentiment rose. Mortgage rates fell across the board. Labor market conditions improved and consumer prices fell in large part due to decreasing fuel prices.
FOMC Statement: No Year-End Surprises
The Federal Open Market Committee (FOMC) said in its last statement for 2014 that although economic conditions have improved at a moderate pace, the Fed believes that the target federal funds rate of between 0.00 and 0.25 percent remains "appropriate." While labor markets show expanding job growth and lower unemployment rates, FOMC members noted that housing markets are recovering slowly.
Federal Open Market Committee, Fed Chair: No Rush to Raise Rates
Wednesday's customary post-meeting statement issued by the Federal Open Market Committee (FOMC) of the Federal Reserve provided some relief to investors and analysts concerned that the Fed may soon raise its target federal funds rate.
What’s Ahead For Mortgage Rates This Week – Aug 11, 2014
Last week’s housing related news was minimal, but a Federal Reserve survey of senior loan officers revealed that although credit standards for commercial and industrial loans as well as credit cards are easing, current mortgage credit standards are more stringent than in 2005.
FOMC Minutes: Committee Discusses “Normalizing” Policy
April's meeting of the Fed’s Federal Open Market Committee was held along with the Board of Governors of the Federal Reserve System.
What’s Ahead For Mortgage Rates This Week – May 27, 2014
Last week's economic news was dominated by speeches given by Federal Reserve presidents, the minutes from April's FOMC meeting and commencement address given by Fed Chair Janet Yellen. The latest readings for new and existing home sales were also released.
What’s Ahead For Mortgage Rates This Week – May 12, 2014
Results from a Federal Reserve survey of senior bank loan officers indicated that lenders have held the line on prime lending standards and have raised standards for sub-prime and non-traditional home loans.
Fed Meeting Minutes Show Hope In Economic Growth
The minutes of the Federal Reserve's Federal Open Market Committee meeting held October 29 and 30 were released Wednesday. The meeting began with a report from the Manager of the System Open Market Account and included updates on developments within domestic and foreign financial markets.
