fed

2 minutes read
The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that remained unchanged on a seasonally adjusted basis last June. Let’s help you find a mortgage lender.» FED SAYS NO TO RATE HIKE FOR NOW The Federal...
2 minutes read
After weeks of continued decline, mortgage interest rates climbed, following the two-day Fed meeting. The 30-year FRM rate rose by 2 basis points for the week. Get today’s rates. According to Freddie Mac’s weekly rate forecast via the Primary Mortgage Market Survey(PMMS) for the week ending June 15, 2017: The 30-year fixed rate mortgage rate finished at 3.91 percent, slightly up from the 3.89 percent a...
3 minutes read
The Federal Reserve (Fed) raised its benchmark rate by a quarter percentage point, from 1% to 1.25%effective June 15, 2017. A reading of the Fed’s policymaking body, Federal Open Market Committee (FOMC)’s statement signals that this won’t be the last rate hike this year. As the benchmark rate goes up, how will it affect your existing debts? What will happen to mortgage rates? Mortgage lenders are a click ...