Month: January 2019

Fed Announcement January 30th 2019

Modern Brown Home

What The Fed Had To Say: The Fed did not hike (as expected) and expressed some concerns about the economy. They announced a “measured” approach to future rate hikes and a continuation of the unwinding of their balance sheet. They also dropped some of the previous language about the health of the economy which was a surprise. For more on … Read more

Mortgage News For Homeowners

Homeowners

The Fed Meeting And Mortgage Rates: Today was the start of the two-day FOMC meeting (Federal Open Market Committee; aka “the Fed”) and all eyes are on what they’ll say post meeting. The likelihood they’ll raise their rate at this meeting is next to none as it’s fairly evident the US economy has slowed. This is what analyst and investors … Read more

Mortgage Rates For January 25, 2019

California Home

Mortgage Rates At The Open: Mortgage rates will finish the week at similar levels to yesterday as both Mortgage Backed Securities and Treasuries start the day in negative territory. As perviously mentioned it appears both markets and mortgage rates are taking a “wait and see” attitude with respect to next weeks Fed meeting (more on that below). The 10y yield … Read more