The Federal Open Market Committee released its April 2012 meeting minutes this week, revealing a Federal Reserve in the ready for additional monetary stimulus.
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
The Federal Open Market Committee begins a 2-day meeting today. Mortgage rates are expected to be volatile for the next 48 hours.
Mortgage markets were mostly unchanged last week, breaking a three-week winning streak.
Mortgage markets improved last week as a global flight-to-quality continued.
The Federal Reserve has released the minutes from its last FOMC meeting. Mortgage rates are rising on the news.
Mortgage markets worsened last week as the Federal Reserve’s Federal Open Market Committee suggested economic recovery may be closer than its originally expected, and that inflation may be a near-term economic concern.
Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
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