Currently viewing the category: "FOMC"

Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.

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We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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The FHA interest rate will move today after the adjournment of the Federal Reserve’s 2-day monetary policy meeting.
In it, the Fed is expected to announce “no change” in the Fed Funds Rate. Mortgage rates, however, WILL change.

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Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. Mortgage rates are rising this afternoon.

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Fed Funds Rate to remain unchanged. FHA interest rates responded positively to the news and we avoided a massive sell-off that would have pushed loan rates higher.

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However, no change to the Fed Funds Rate doesn’t always mean no change in FHA interest rates.

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The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.

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