Mar
What’s ahead for mortgage rates this week: March 15, 2010
Brought to you by: www.thedailymortgagegazette.com Mortgage markets worsened last week with little economic news to push markets in either direction. Momentum trading and rebalancing of portfolios drove mortgage rates higher, on average. FHA and conventional mortgage rates in California rose last week, marking the first time that’s happened this month. Mortgage rates have been on [...]
Mar
The Federal Reserve is meeting and what it means to your mortgage rate.
The Federal Open Market Committee begins a scheduled, 2-day meeting today to discuss the country’s monetary policy. As is custom, the group will issue a press release to the markets upon adjournment. There are 8 scheduled FOMC get-togethers annually and the post-meeting press releases are among the most powerful market-moving events of the year. It’s not the [...]
Feb
How the new Stimulus Bill indirectly lowered mortgage rates
The American Recovery and Reinvestment Act of 2009 was signed into law Tuesday in Denver, Colorado. Also Tuesday, stock markets fell near their November 2008 lows. The two moves are related. With each new stimulus; with each potential jumpstart of the economy, Wall Street questions whether the federal push will be enough to make an impact…
To [...]