Eye On Housing
For the second consecutive month, information compiled by Freddie Mac shows that mortgage rates increased slightly on a year-over-year basis. As of end of November 2019, the 30-year FRM – Commitment rate, increased by one basis points to 3.70 percent from 3.69 percent in October. The cycle peak was 4.87 percent in November. The Federal Reserve maintained the benchmark interest… Read More ›
For the first time since November of last year, information compiled by Freddie Mac shows that mortgage rates increased slightly. As of end of October 2019, the 30-year FRM – Commitment rate, increased by eight basis points to 3.69 percent from 3.61 percent in September. The cycle peak was 4.87 percent in November. As expected, The Federal Reserve lowered its… Read More ›
For the ninth straight month, information compiled by Freddie Mac shows that mortgage rates continued to decline but at a slow pace. As of September 2019, the 30-year FRM – Commitment rate, fell by one basis points to 3.61 percent from 3.62 percent in August. The cycle peak was 4.87 percent in November. According to the September 2019 Federal Open… Read More ›
For the eighth straight month, information compiled by Freddie Mac shows that mortgage rates continued to decline. As of August 2019, the 30-year FRM – Commitment rate, fell by 15 basis points to 3.62 percent from 3.77 percent in July. The cycle peak was 4.87 percent in November. According to the July 2019 Federal Open Market Committee meeting statement, as… Read More ›
For the seventh straight month, information compiled by Freddie Mac shows that mortgage rates continued to decline. As of July 2019, the 30-year FRM – Commitment rate, fell by four basis points to 3.77 percent from 3.80 percent in June. The cycle peak was 4.87 percent in November. According to the June 2019 Federal Open Market Committee meeting statement, the… Read More ›
At the conclusion of its May meeting, the Federal Reserve held the key, short-term federal funds rate steady, with a top rate of 2.5%. The decision was unanimous and widely expected, with members of the Federal Open Market Committee agreeing that while economic growth conditions remain “solid,” inflation pressures remain anchored. In fact, the Fed’s preferred inflation gauge, the core… Read More ›
The Federal Open Market Committee (FOMC), the Fed’s monetary policymaking body, held the federal funds rate steady at a top rate of 2.5% at the conclusion of its March meeting. This was no surprise for financial markets, as this approach had been telegraphed by the Fed in January. However, the Fed communicated two other elements that indicate that the central… Read More ›
As expected, at the conclusion of its September meeting the Federal Reserve’s Open Market Committee raised the short-term federal funds rate 25 basis to a range of 2% to 2.25% . Markets and forecasters are confident that an additional 25 basis point increase will occur in December. The change in monetary policy occurs as the 10-year Treasury rate, which generally moves… Read More ›
As was widely expected, the Federal Open Markets Committee (FOMC), the monetary policy making arm of the Federal Reserve, raised the target federal funds rate to a range of 1.75 percent to 2.00 percent from a range of 1.5 percent to 1.75 percent. Going forward, the median projection of the federal funds rate at the end of this year rose,… Read More ›
As was widely expected, the Federal Open Market Committee (“FOMC”), the monetary policy making body of the Federal Reserve, maintained the federal funds rate at a range of 1.50 to 1.75 percent following its meeting that convened on May 1-2, a rate it deems “accommodative”. Going forward, the FOMC expects that, with further gradual adjustments in the stance of monetary… Read More ›