RSS

Monthly Archives: April 2012

A Simple Explanation Of Bernanke’s Statement Today (April 25, 2012)

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, dissented in the 9-1 vote.

The Fed Funds Rate has been near zero percent since December 2008. It is expected to stay near-zero through 2014, at least. Read the rest of this entry »

Advertisements
 
Leave a comment

Posted by on April 25, 2012 in Federal Reserve

 

Tags: , , , , , , , , , ,

The Fed Starts A 2-Day meeting. How Do They Influence Mortgage Rates?

Fed Funds Rate vs Mortgage Rates 1990-2012

The Federal Open Market Committee begins a 2-day meeting today in the nation’s capitol. It’s the group’s third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed’s adjournment.

Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve sub-committee. The FOMC is the group within the Fed which votes on U.S. monetary policy. “Making monetary policy” can mean a lot of things, and the action for which the FOMC is most well-known is its setting of the Fed Funds Funds. Read the rest of this entry »

 
1 Comment

Posted by on April 24, 2012 in Mortgage Rates

 

Tags: , , , , , , , ,

What Mortgage Rates Are Doing This Week : April 23, 2012

FOMC meets this weekMortgage markets were mostly unchanged last week, breaking a three-week winning streak. Wall Street grappled with surprising demand on Spain’s debt issuance and a series of weaker-than-expected data points on U.S. housing.

Conforming mortgage rates across California rose slightly according to the weekly Freddie Mac Primary Mortgage Market Survey. Read the rest of this entry »

 
Leave a comment

Posted by on April 23, 2012 in Mortgage Rates

 

Tags: , , , , , , , , ,

California Not Top Foreclosure State!

Foreclosures March 2012

According to foreclosure-tracking firm RealtyTrac, foreclosure filings fell to 199,000 in March 2012, a 17 percent decrease from March 2011. Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis — a span of nearly 5 years. Read the rest of this entry »

 
Leave a comment

Posted by on April 19, 2012 in Housing Analysis

 

Tags: , , , , , , , , , , ,

Tax Tip : What Are You Going To Do with your Tax Refund?

The typical U.S. taxpayer will receive roughly $3,000 in federal income tax refunds this year — an average of $250 per month. So, what would you do with an extra $250 monthly? This segment from NBC’s The Today Show offers some advice. Read the rest of this entry »

 
Leave a comment

Posted by on April 12, 2012 in Taxes

 

Tags: , , , , , , , , ,

What Mortgage Rates Are Doing This Week : April 9, 2012

Spain mortgage ratesIn a week of up-and-down trading, mortgage markets improved for the second consecutive week last week. Weaker-than-expected jobs data plus evidence of a slumping Eurozone took mortgage bonds lower, capped by a furious Friday morning rally that dropped mortgage rates to near-record levels.

Once again, volatility ruled the bond pits. Read the rest of this entry »

 
Leave a comment

Posted by on April 9, 2012 in Mortgage Rates

 

Tags: , , , , , , , , ,

What Mortgage Rates Are Doing This Week : April 2, 2012

Jobs growth can influence mortgage ratesMortgage markets improved last week on renewed concerns of a European debt default, and Federal Reserve rhetoric.

Conforming mortgage rates in California dropped on the news, one week after posting a 5-month high.

A major strike in Spain and growing unrest in Italy, both in opposition to recent austerity measures, have re-ignited fears that the Eurozone may lapse into recession. Read the rest of this entry »

 
Leave a comment

Posted by on April 2, 2012 in Mortgage Rates

 

Tags: , , , , , , , ,

 
%d bloggers like this: