Conforming mortgage rates across California rose slightly according to the weekly Freddie Mac Primary Mortgage Market Survey. Continue reading
What Mortgage Rates Are Doing This Week : April 23, 2012
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Tag Archives: FOMC
Mortgage Rates Get Worse Today in Reaction to the Federal Reserve Statement (March 13, 2012)
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 near zero percent since December 2008. It is expected to remain near-zero through 2014, at least. Continue reading
What Mortgage Rates Are Doing This Week : March 12, 2012
In February, the U.S. economy added 227,000 new net jobs and the figures from December and January were revised higher by an additional 61,000. It marked the 16th straight month of job gains nationwide. Continue reading
Federal Reserve Wary Of European Crisis
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 Minutes is every bit as important.
To rate shoppers in Sacramento , for example, the Fed Minutes can give clues about whether mortgage rates will generally rise or fall in the coming months. Continue reading
What Mortgage Rates Are Doing This Week : January 30, 2012
Mortgage markets improved last week as news from the Federal Reserve, the U.S. economy, and Europe combined to spur new demand for mortgage-backed bonds. Continue reading