FOMC | Mortgage News Blog

Mortgage Interest Rates and FOMC statement

16 March 2010

Today’s FOMC statement’s language was basically the same as their January statement. The Federal Fund Rate will stay at this present level to help the economy continue to come out of this recession. The big difference in the language was with the housing industry and mortgage interest rates. The housing industry has been slow to recovery in [...]

News affecting Mortgage Interest Rates for week of 03/15/10

15 March 2010

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Mortgage interest rates had a fairly bumpy week even though we weren’t too many economic reports released. But economist as well as some Fed members voiced their concern over the not here yet inflation last week. Will the Fed have the will to raise short term interest rates to subdue inflation due to our raising debt [...]

Week of 02/15/10 MMG Week in Review

16 February 2010

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Last week was one that the traders weren’t sure what to do. The problem with Greece made the traders nervous as they waiting to hear what the Euro Zone or really Germany will do to help them out. The Fed auction didn’t do as well. And the weather shut down most of the government [...]

Week of 02/01/10 MMG Week in Review

1 February 2010

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Last week was a busy week of news events. We had President Obama’s first State of the Union speech, FOMC’s first meeting of the year, and the confirmation of Ben Bernanke for his second term as Chairman of the Federal Reserve. Besides those important events, we had the Treasury auction to the turn [...]

Week of 1/25/10 MMG Week in Review

25 January 2010

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Mortgage interest rates had the best rates of this year so far. A lot of movement came from investors who fled the stock market into the bond markets when President Obama announced his proposed tax against the banks. The census is the investors don’t like it as well as they don’t feel that President Obama understands and/or can fix the [...]