Monthly Archives: April 2009

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent. The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion. In its … Continue reading →

The Federal Reserve adjourns from its two-day meeting this afternoon. It’s one of 8 scheduled meetings each year for the Federal Open Market Committee. Like all FOMC get-togethers, the purpose of the meeting is to discuss financial and economic conditions … Continue reading →

Monday, mortgage markets improved with news of new Swine Flu cases. It’s a classic example of Safe Haven buying and today’s rate shoppers will see the benefits. Mortgage rates improved about 0.125 percent Monday. It’s not an official term, but … Continue reading →

Last week, like the 3 weeks prior, mortgage markets were all over the place from day-to-day. But, also like the 3 weeks prior, when the week ended Friday, rates were right back where they started from Monday. For the 4th … Continue reading →

The days of rock-bottom housing prices may be reaching an end. According to the National Association of REALTORS, the number of Existing Home Sales fell by a modest 140,000 units last month. It’s the fifth straight month in which home … Continue reading →

If falling home values is what prompted Fannie Mae and Freddie Mac to tighten mortgage guidelines in 2007 and 2008, America’s mortgage applicants may get their long-awaiting loosening within the next 18 months. According to a government report, the values … Continue reading →

National real estate data helps economists identify trends in the housing market. It shapes policy and influences markets. For active home buyers and home sellers, though, national real estate data is irrevelant. This is because national data says nothing for … Continue reading →

The Federal Reserve meets next week for a policy-setting meeting. It’s one of 8 scheduled Fed meetings this year in which the Federal Open Market Committee votes on whether to raise, lower, or leave unchanged the Fed Funds Rate. Based … Continue reading →

For the third week in a row, mortgage markets improved early in the week, only to give back the gains before Friday’s close. Mortgage rates ended last week exactly where they started. However, if you locked your mortgage rate Tuesday, … Continue reading →

With respect to housing data, news is rarely positive or negative on a universal level. There’s always two perspectives to consider, after all. The home buyer’s perspective The home seller’s perspective Usually, when data is beneficial to one group, it’s … Continue reading →