From the daily archives: Wednesday, April 28, 2010

The Fed Adjourns From A 2-Day Meeting Today And What It Means For Mortgage Rates

By On April 28, 2010 · In FOMC

The Federal Reserve adjourns from a scheduled, 2-day meeting today. It’s one of 8 scheduled Fed meetings for 2010. Upon adjournment, Fed Chairman Ben Bernanke & Co. will release a formal statement to the market. In it, the Fed is expected to announce “no change” in the Fed Funds Rate. Mortgage rates, however, WILL change.

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A Simple Explanation Of The Federal Reserve Statement (April 28, 2010 Edition)

By On April 28, 2010 · In FOMC

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. Mortgage rates are rising this afternoon.

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