Florida mortgage interest rate shoppers learned a valuable lesson this week: When mortgage rates take a nose dive unexpectedly, they tend to recover just as quickly.
Tag Archive: Federal Reserve System
What the Federal Reserve Did: In Plain English (March 18, 2009)
TweetFlorida mortgage rates should remain low, as the Federal Open Market Committee (FOMC) voted to leave the Fed Funds Rate right where it’s been, within the target range of 0.000-0.250 percent. That said, the Fed was far from inactive today. On plan to resurrect the economy using “all available tools,” today, Uncle Ben and company…
Florida Mortgage News – The Week Ahead: March 16, 2009
While the stock market rallied – posting its biggest gains since November – Florida mortgage rates climbed a bit; showing us once again that as money flows back into riskier stock investments, it flows away from mortgage bonds and thus, rates rise.
