The Fed Adjourns From A 2-Day Meeting Today And What It Means For Mortgage Rates

Posted by on Apr 28, 2010 in Blog, Mortgage Rates, The Economy | 0 comments The Federal Reserve adjourns from a scheduled, 2-day meeting today.  It’s one of 8 scheduled Fed meetings for 2010. Upon adjournment, Fed Chairman Ben Bernanke & Co. will release a formal statement to the market. In it, the Fed is expected to announce “no change” in the Fed Funds Rate. The Fed Funds Rate is currently in a target range of 0.000-0.250 percent. The Fed Funds...
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How Iceland’s Volcanoes Are Helping Mortgage Rates Fall

Posted by on Apr 21, 2010 in Blog, Mortgage Rates | 0 comments Mortgage rates and home affordability have improved lately, thanks to an unlikely ally — Mother Nature. In the 7 days since Iceland’s Eyjafjallajökull erupted, ash clouds have grounded planes, disrupted businesses, and stranded exports in warehouses worldwide. It’s a drag on commerce that’s spilled over onto Wall Street. As experts debate the potential for future seismic...
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