This week is starting off slow with little economic data being released. Two major data releases may impact mortgage rates this week with Beige Book data (relied upon by Fed during their meetings) being released on Wednesday and Retail Sales being released on Thursday. Some Fed members are speaking as well and the market is [...]

This week is starting off slow with little economic data being released. Two major data releases may impact mortgage rates this week with Beige Book data (relied upon by Fed during their meetings) being released on Wednesday and Retail Sales being released on Thursday. Some Fed members are speaking as well and the market is [...]

This week mortgage rates have yet again, made all time historical lows. Factors in this historic mortgage rate movement include the realization that the European debt crisis is going to take a long time to fix and slower than expected improvement in the US economy. The Federal Open Market Committee (FOMC) Meets The Federal Open [...]

Mortgage rates continue a push downward early this week, challenging the all time historic lows set a few months ago. This week mortgage rates movement will be based on a few key pieces of data being released, any worthy news coming out of the FOMC meeting that begins tomorrow and any new news coming out [...]

The Federal Open Market Committee (FOMC) concluded its two day meeting today with a 9-1 vote to leave the Fed Funds Rate (the rate at which lending institutions lend to each other) unchanged within its current target range of 0.00%-0.25%. Some Key Points From the FOMC Press Release: “Economic growth strengthened somewhat in the third quarter, [...]

Turbulent. Volatile. New Record Low Mortgage Rates. These all describe the market last week. Last week saw mortgage rates set new lows for 2011 and break the previous all time low set in October of 2010. Last Week Was Marked By: Increased concern over the stability of European markets The S&P downgrade of the United [...]

The Federal Reserve released notes from the June 21-22 Federal Open Market Committee (FOMC) meeting on Tuesday, shedding light on the FOMC’s current observations of the market and how it will be adjusting its activities moving forward. This release of minutes is one of eight releases the Fed meets, following each of the eight Fed [...]

We start the week off in a positive direction for mortgage rates stemming from multiple positive economic events last week. The first event was good news regarding Greece’s debt issues as the country looks to pass an act that will lay out a plan for remaining solvent and keep other European nations and the IMF [...]

This week there will be key economic data coming out that will shed light on the state of inflation, housing, manufacturing, retail sales and consumer sentiment. While mortgage rates have maintained their lows in the past few weeks due to consistently poor performance by leading economic indicators (this is good for mortgage rates), it is [...]

There are very few notable economic events taking place this week on the Economic Calendar that might affect rates this week. Fortunately, it looks like rates will continue to sustain their current levels based on the disappointing economic data that was released last week. This provides yet another great window for being able to take [...]