Articles Recently Tagged: The Fed

(38 posts)

The Fed Institutes a Rate Hike, Signals Two More This Year

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target by 0.25 percent (25 basis points) and signaling expectations for another two quarter-point increases by the end of the year. The Fed dropped the benchmark rate 5 percentage points between August of 2007... Read More »

The Fed Institutes a Rate Hike, Signals Three More in 2017

As predicted, the Federal Reserve has just raised interest rates for the first time since December of last year, upping the target federal funds target rate by 0.25 percent (25 basis points) and signaling expectations for another three quarter-point increases by the end of 2017. The Fed dropped the... Read More »

Benchmark Mortgage Rate Moves up along with Probability of a Hike

Benchmark Mortgage Rate Moves up along with Probability of a Hike

Having ticked down to within 11 basis points of an all-time low last week, the average rate for a 30-year mortgage moved up 5 basis points to 3.47 percent over the past week but remains 40 basis points below the 3.82 percent rate in place at the same time... Read More »

Benchmark Mortgage Rate Drops, Nearing Its All-Time Low

Benchmark Mortgage Rate Drops, Nearing Its All-Time Low

The average rate for a 30-year mortgage ticked down six basis points to 3.42 percent over the past week and is now running 43 basis points below the 3.85 percent rate in place at the same time last year and within 11 basis points of its 3.31 percent all-time... Read More »

Benchmark Mortgage Rate Ticks down but Odds of a Rate Hike Jump

Benchmark Mortgage Rate Ticks down but Odds of a Rate Hike Jump

The average rate for a 30-year mortgage ticked down two basis points to 3.48 percent over the past week, which is 38 basis points below the 3.86 percent rate in place at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. At the same... Read More »

Benchmark Mortgage Rate Ticks up, Odds of a Rate Hike Even

Benchmark Mortgage Rate Ticks up, Odds of a Rate Hike Even

The average rate for a 30-year mortgage has ticked up to 3.50 percent, up 6 basis points over the past week but 41 basis points below the 3.91 percent rate in place at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. At the... Read More »

Benchmark Mortgage Rate Inches up, Odds of a Rate Hike Hold

Benchmark Mortgage Rate Inches up, Odds of a Rate Hike Hold

The average rate for a 30-year mortgage inched up 3 basis points to 3.46 percent over the past week following Fed Chair Janet Yellen’s monetary policy speech which suggested the Fed will move to institute a second Federal Funds rate hike sooner rather than later. The probability of the... Read More »

Even Odds of a Rate Hike by the End of the Year

Even Odds of a Rate Hike by the End of the Year

The average rate for a 30-year mortgage (3.43 percent) hasn’t moved much over the past month. But with traders poised to dissect tomorrow’s scheduled “Monetary Policy Toolkit” speech by Federal Chair Janet Yellen, looking for hints of whether – or rather when – the Fed will hike the Federal... Read More »

Benchmark Mortgage Rate Drops along with Probability of a Hike

Benchmark Mortgage Rate Drops along with Probability of a Hike

Having ticked up over the past three weeks, the average rate for a benchmark 30-year mortgage has dropped to 3.43 percent, which is down 5 basis points over the past week and within 12 basis points of the all-time low rate of 3.31 percent recorded in November 2012. And... Read More »

Benchmark Mortgage Rate Nearing an All-Time Low

Benchmark Mortgage Rate Nearing an All-Time Low

With the unexpected result of the Brexit vote roiling the financial markets, resulting in a flight to quality and driving the yield on the 10-year Treasury down, the average rate for a benchmark 30-year mortgage has dropped to 3.48 percent, the lowest rate in over three years and within... Read More »