The Federal Open Market Committee announced today that it will again hold its Fed Funds rate at 2.0 percent. This is the rate at which banks loan money to one another, impacts mortgage rates for adjustable rate mortgages and home equity lines of credit.
Recent Posts
- NAR Price Survey Shows House Prices Continuing To Increase In Many Areas: The National Association of Realtors® (NAR) has insisted for years, and insisted adamantly since the "bubble" started to burst, that real estate, ...
- Mortgage applications see minor dip: The Mortgage Bankers Association announced that purchase applications fell 0.3 percent while refinancing activity was down three percent from the prev...
- Update on HR 5140, The Economic Stimulus Plan: The economic stimulus package, HR 5140, is headed for the White House next week. Once signed, lenders can take the housing provisions into effect and ...
- Low Long-Term Mortgage Rates Attract Home Buyers: The Mortgage Bankers Association (MBA) announced the number of consumers applying for a mortgage to purchase a home jumped 12 percent in the past week...
- Europe wants to protect borrowers better - mortgage calculator: Mortgage Calculator ♦ January 31, 2012 ♦ Leave Your Comment · Tweet. The opinion of the Committee on Internal Market and Consumer Protection, on the p...
- What to Know About Reverse Mortgages: As the baby-boomer generation ages and the availability of income after retirement diminish, there has been a clear demand for ways for people to tap ...
- Federal Reserve Slashes Funds Rate to 3.0%: The Federal Open Market Committee (FOMC, Fed) decided to reduce the Fed Funds Rate to 3.0%....
- To a tightening mortgage rules | Mortgage Calculator: Mortgage Calculator ♦ January 30, 2012 ♦ Leave Your Comment · Tweet. At the beginning of parliamentary session in Ottawa, the federal government would...
- New home sales dip, economic stimulus offers hope: The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in December decrease...
- Economic stimulus plan may spark housing market: President Bush and House leaders agreed yesterday on a $150 billion economic stimulus package that could send rebate checks to 117 million American fa...
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