Articles Recently Tagged: The Fed

(7 posts)

Mortgage Rates Drop, Back Near 2014 Lows

The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.23 percent to 4.12 percent over the past three weeks and is back to within 2 basis points of its 2014 low (4.10 percent) and 11 basis points lower than at the same time last year, according to Freddie Mac’s latest mortgage market Read More »

Mortgage Rates Move Higher, Biggest Increase Of The Year

Mortgage Rates Move Higher, Biggest Increase Of The Year

The average rate for a conforming 30-year fixed-rate mortgage jumped from 4.12 to 4.23 percent over the past week, the highest rate since the beginning of May and the biggest one-week increase since the beginning of the year. Speculation that the Federal Reserve might start raising rates sooner than expected helped fuel the jump.  And while Read More »

Fed Raises Possibility Of Raising Rates Sooner Than Anticipated

With indications of a rebound in economic activity in the second quarter and “sufficient underlying strength” to support ongoing improvement in the labor market, Federal Reserve officials have raised the possibility of removing stimulus “sooner than…currently anticipated” but have no immediate plans to ease their current “accommodative” stance and raise the federal funds rate to Read More »

Fed Cuts Stimulus But Intends To Keep Rates Low

Citing a rebound in economic activity while noting the housing sector remains slow (despite historically low interest rates and rising inventories), the Fed has announced another cut to its bond purchase program which was designed to keep longer-term interest rates low.  With the cut, the Fed is on track to end the stimulus program by Read More »

The Fed Sees Signs Of Easier Mortgages Ahead

While mortgage credit conditions in the U.S. remain “generally tight,” and applications for purchase mortgages remain “tepid,” according to the Fed, signs of easing continue to emerge, including indications of “a net easing of banks’ credit standards for home-purchase loans to prime customers in the first quarter.” The Fed’s summary of the nation’s housing market, Read More »

Fed Cuts Stimulus On Indicators Of Activity Despite Anemic Q1

While the U.S. economy grew by an anemic 0.1 percent in the first quarter of 2014, “information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently.” As such, the Fed is cutting its monthly stimulus spending by another $10 billion beginning in May while Read More »

Stock Market Rockets After Fed Announces Stimulus Cuts

As we noted last month, the minutes from the Federal Open Market Committee’s October meeting suggested that the Fed was “likely to trim their monthly purchase of $85 billion in bonds “in coming months,” perhaps even “before an unambiguous further improvement in the outlook apparent.” This afternoon the Fed announced it would Read More »