The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as "quantitative easing." The Fed committee confirmed a quarter-point cut to 2.00...
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What’s Ahead For Mortgage Rates This Week – April 30th, 2018
Last week’s economic reports included readings from Case-Shiller Home Price Indices, new and existing home sales and weekly readings on mortgage rates and first-time jobless claims. Case-Shiller: Home Prices Rise to Near Four-Year High February home prices rose...
What’s Ahead For Mortgage Rates This Week – April 16th, 2018
Last week's economic reports included readings on inflation, the minutes of the most recent meeting of the Fed's Federal Open Market Committee and weekly reports on mortgage rates and first-time jobless claims. The University of Michigan released its Consumer...
What’s Ahead For Mortgage Rates This Week – April 9th, 2018
Last week's economic reports included readings on construction spending, mortgage rates and weekly jobless claims. Other labor-related claims included ADP payrolls, Non-Farm Payrolls and the national unemployment rate. Construction Spending Rises in February...
What’s Ahead For Mortgage Rates This Week – February 5th, 2018
Last week's economic releases included readings on pending home sales, Case-Shiller Home Price Indices and construction spending. The Federal Open Market Committee of the Federal Reserve released its monthly statement and weekly readings on mortgage rates and new...
Mortgage Rates Dropping After Release Of Fed Minutes
Eariler this week, the Federal Reserve released the minutes from its 2-day meeting which ended August 1, 2012. Since the release, mortgage rates have dropped. The Fed Minutes are released on a schedule, three weeks after the FOMC adjourns from one of its 8...
Planning Ahead For The Federal Reserve’s Next Move
In Washington, D.C. today, the Federal Open Market Committee (FOMC) begins a 2-day meeting, its fifth of 8 scheduled meetings this year. Mortgage rates are expected to change upon the FOMC's adjournment. Rate shoppers and home buyers of Chicago would do well...