FHA Interest Rates
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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.
Mortgage rates rose last week. This week, economic data will be at the forefront, as will the Federal Reserve which meets for one of its 8 scheduled meetings of the year.
Continue Reading →FHA loan rates had a nice day on the release of the Fed’s minutes from the March meeting.
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 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.
Continue Reading →Conforming and FHA mortgage rates improved last week on the combination of soft economic data and new talk from the White House about tightening up banking regulations.
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