Currently viewing the tag: "Fed Funds Rate"

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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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.

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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 FHA interest rate lost ground last week for the first time in March.

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The FHA interest rate improved last week pushed rates to their lowest levels since early February.

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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.

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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.

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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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