Mortgage Rates-Will the Fed Provide Loan Relief?

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In: Mortgage News

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The recent drop in mortgage rates has given some hope that borrowers may develop a greater appetite for home loans.  But even if the rate falls between 6s, the market is still far from “normal” and as a result, industryContinue Reading

Federal Open Market Committee Is Expected to Raise Rates By 0.75% In Their Two-Day Meeting

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In: Mortgage News

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As the Federal Reserve’s Federal Open Market Committee (FOMC) begins its two-day meeting today, many observers expect it to announce another 75% rate hike on Wednesday. A third consecutive 0.75% increase in Federal Funds interest rates would be a seriesContinue Reading

Increase in Interest Rates by FED Since 2018

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In: Mortgage News

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The Federal Reserve on Wednesday raised transient interest rates interestingly beginning around 2018, as high expansion pushes the national bank to pull back on its exceptional pandemic-period support. The U.S. national bank lifted its benchmark Federal Funds Rate by 0.25%,Continue Reading