federal open market committee

Buyers Can Shop Around And Save In This Volatile Mortgage Market

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This week, the 30-year mortgage rate rose 40 basis points to an average of 6.70%, the highest since 2007, according to the latest Freddie Mac weekly survey data. The research also shows a wide range of interest rates, so homeContinue Reading

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

By: Amanda Byford

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