Given global economic conditions and the mortgage bond market’s status as a “safe market”, the failure of rates to fall last week suggests that this may be as low as mortgage rates get. It’s time to look at locking in.
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.
The Federal Open Market Committee meets this week. Mortgage rates could get volatile.
The Federal Open Market Committee released its November 2011 meeting minutes, revealing a Fed split on whether new stimulus is needed for the U.S. economy.
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
The Federal Open Market Committee begins a scheduled, 2-day meeting today, the seventh of its 8 scheduled meetings this year, and the eighth Fed meeting overall.
Mortgage markets moved across a wide range last week before, ultimately, finishing unchanged. The bailout of Greece both dominated headlines and dictated market direction.
Wednesday, the Federal Reserve released the minutes from its 2-day September meeting. The release shows a divided Fed in disagreement about the current U.S. monetary policy.
Mortgage Questions?
Follow Us On Twitter
- Is More Fed-Led Stimulus On Its Way? http://t.co/ryrOVWWj
- Single-Family Housing Starts Powers Ahead http://t.co/1b1pgrgO
- Homebuilder Confidence Moves To 5-Year High http://t.co/EudsmmbO
- Home Affordability Getting A Springtime Boost From Greece http://t.co/N084DIBb
- Whatâs Ahead For Mortgage Rates This Week : May 14, 2012 http://t.co/TAvjcKzd
Mortgage Calculator
$ % yrs % $ Mortgage Disclosures
This is not an offer to lend. All approvals are considered based on current guidelines.
⇒ Read Full Disclosure
Guaranteed Rate 3940 N. Ravenswood Ave. Chicago, IL 60613 800.921.2430