Federal Reserve
Fed Lowers Key Interest Rate For First Time Since Great Recession
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 to 2.25 percent.
Read MoreFOMC Statement Shows Tapering Of Quantitative Easing Purchases
According to a statement provided by the Federal Open Market Committee of the Federal Reserve, the committee has approved another reduction of the Fed’s monthly asset purchases.
Read MoreFed Minutes Predicts Tapering Of Quantitative Easing Program
Housing Starts exceeded expectations and also beat October’s reading of 889,000. November housing starts were posted at 1.09 million against a consensus of 963,000. This reading is more in line with the NAHB/Wells Fargo Home builder Market Index, which reached a four month high with December’s reading.
Read MoreFed Meeting Minutes Show Hope In Economic Growth
The minutes of the Federal Reserve’s Federal Open Market Committee meeting held October 29 and 30 were released Wednesday. The meeting began with a report from the Manager of the System Open Market Account and included updates on developments within domestic and foreign financial markets.
Read MoreFed Meeting Minutes Expose Mortgage Rates As Remaining Historically Low
The Federal Open Market Committee of the Federal Reserve decided not to reduce the Fed’s current quantitative easing program of purchasing $85 billion monthly in Treasury securities and mortgage-backed securities.
Read MoreFed Meeting Minutes Reflect Support For Reducing QE Program
The minutes of last monthâs Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fedâs current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates.
Read MoreFed Meeting Statement Positive For Ongoing Mortgage Sector Support
There was potentially good news for mortgage rates on Wednesday as the Fed’s Federal Open Market Committee (FOMC) announced that its quantitative easing (QE) program would remain unchanged for the present.
Read MoreFOMC Minutes Reveal Fed May Curb Economic Support Program Before Year End
The minutes for June’s meeting of the Federal Open Market Committee (FOMC) suggest that committee members are mostly in agreement that the current quantitative easing program (QE) should begin winding down by year end.
Read MoreThe Federal Open Market Committee Holds Steady With Mortgage Backed Security Investments
The Federal Open Market Committee (FOMC) of the Federal Reserve decided to continue its current policy of quantitative easing (QE) based on current economic conditions. The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly.
Read MoreFed Meeting Minutes Expose Rising Interest Rate Risk
Minutes of the Federal Open Market Committee recently released may have a significant impact on mortgage rates going forward. One significant development from the meeting suggests that the present quantitative easing program may be modified in the near future.
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