Category Archives: FOMC

A Simple Explanation Of The Federal Reserve Statement (March 15, 2011 Edition)

Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0. Continue reading

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Your Mortgage Rate Strategy For Today's FOMC Meeting

The Federal Open Market Committee meets today in Washington D.C. The FOMC is a special group within the Federal Reserve, led by Fed Chairman Ben Bernanke, and consisting of 12 members. Continue reading

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Fed Minutes Show Lower Unemployment And Higher Growth For 2011 and 2012

The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment. Continue reading

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A Simple Explanation Of The Federal Reserve Statement (January 26, 2011 Edition)

Today, the Federal Open Market Committee voted 10-to-o to leave the Fed Funds Rate unchanged within in its target range of 0.000-0.250 percent. Mortgage rates are reacting. Continue reading

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The Fed Meets Today. What It Means To Mortgage Rates.

The Federal Open Market Committee begins a 2-day meeting today in Washington D.C. It’s the group’s first meeting of 2011 — one of 8 scheduled for the year. Continue reading

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A Simple Explanation Of The Federal Reserve Statement (November 3, 2010 Edition)

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged within in its current target range of 0.000-0.250 percent. Continue reading

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Mortgage Rate Lock Alert : Expect Rate Changes Wednesday Afternoon

The Federal Reserve ends a scheduled, 2-day meeting today. It’s the seventh of 8 scheduled Fed meetings in 2010, and the eighth overall this year. Mortgage rates should be especially jumpy. Continue reading

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A Simple Explanation Of The Federal Reserve Statement (September 21, 2010 Edition)

Today, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. Continue reading

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The Federal Reserve Meets Today. Should You Lock Your Rate Before It Adjourns?

If you’re actively shopping for a mortgage, it may be prudent to lock your rate ahead of the Fed’s announcement today. Continue reading

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August's Fed Minutes Lead Mortgage Rates Higher

Home affordability took a slight hit this week after the Federal Reserve’s release of its August 10 meeting minutes. Continue reading

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