FOMC’s Statement Means Falling Florida Mortgage Rates
Tag Archive: Ben Bernanke
Today’s Fed Reserve Statement In Plain English – December 13, 2011
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.
Florida Mortgage Update for the Week of September 12, 2011
Mortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row.
Florida Mortgage Update for the Week of September 6, 2011
Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming.
What Today’s Fed Announcement Means for Florida Mortgage Rates
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 vote was 7-3.
Florida Mortgage Rate Update for the Week of June 13, 2011
Mortgage markets moved in feverish fashion last week, eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated higher.
Florida Mortgage Rates and Home Affordability
If you’re shopping for a Florida mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar.
Florida Mortgage Update for the Week of April 25, 2011
Conforming mortgage rates ended last week unchanged overall. It’s a strange outcome considering that Standard & Poor’s issued a downgrade on U.S. debt Monday.
What Today’s Fed Statement Means for Your Mortgage
Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0.
Florida Mortgage Update for the Week of February 7, 2011
Mortgage rates rose for the 4th time in 5 weeks last week, extending a losing streak which dates back 4 months. This week, they should do the same.
