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.
FHA interest rates closed the week relatively unchanged last week, but it was anything but a steady week. Rates improved Monday, Tuesday and Wednesday and then sold off Thursday and Friday.
Continue Reading →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.
Continue Reading →However, no change to the Fed Funds Rate doesn’t always mean no change in FHA interest rates.
Continue Reading →The FHA interest rate lost ground last week for the first time in March.
Continue Reading →The FHA interest rate improved last week pushed rates to their lowest levels since early February.
Continue Reading →The FHA interest rate was under heavy selling pressure all week and lost ground for the second week in a row. The primary causes were inflation figures that came in higher than expected and then two pieces of news from the Federal Reserve.
Continue Reading →The FHA interest rate is now at its highest level of the year.
Yesterday’s release of the Federal Reserve Minutes from the January meeting sent mortgage rates higher.
Continue Reading →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 âhas continued to strengthenâ, that the jobs markets is getting better, and that financial markets are supportive of growth.
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