Posts Tagged ‘inflation’
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.
Tags: Fed Funds Rate, FOMC, inflation
Posted in Federal Reserve | Comments Off
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Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent.
Tags: Fed Funds Rate, FOMC, inflation
Posted in Federal Reserve | Comments Off
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Given global economic conditions and the mortgage bond market’s status as a “safe market”, the failure of rates to fall last week suggests that this may be as low as mortgage rates get. It’s time to look at locking in.
Tags: Fed Funds Rate, FOMC, inflation
Posted in Mortgage Rates | Comments Off
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Mortgage markets improved again last week on a revised economic outlook for the U.S. economy, and ongoing concerns about Greece and its sovereign debt.
Tags: Greece, inflation, Oil
Posted in Mortgage Rates | Comments Off
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Mortgage markets improved last week as Wall Street managed news on both sides of the economic coin. There were several instances of higher-than-expected inflation — an event that tends to lead rates higher — but weak domestic jobs data and a soft manufacturing report suppressed the damage.
Tags: FOMC, Greece, inflation
Posted in Mortgage Rates | Comments Off
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Mortgage markets moved in feverish fashion last week, eventually ending slightly worse on the week. Conforming mortgage rates fell to a 6-month low Wednesday but, by Friday, they had retreated higher.
Tags: Ben Bernanke, Greece, inflation
Posted in Mortgage Rates | Comments Off
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The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened.
Tags: Fed Minutes, FOMC, inflation
Posted in Federal Reserve | Comments Off
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Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April Non-Farm Payrolls report and momentum has been strong.
Tags: inflation, jobs report, Non-Farm Payrolls
Posted in The Economy | Comments Off
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The March CPI data is expected to show an increase in the cost of living for the 17th straight month — a reading that would take CPI to an all-time high. This would be awful for mortgage rates.
Tags: CPI, inflation
Posted in The Economy | Comments Off
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Last week marked the 5th straight week through which mortgage rates improved. It’s the longest such streak since August 2010 and, this week, rates may run lower again. You may not want to gamble on it, though.
Tags: inflation, Japan, Libya
Posted in Mortgage Rates | Comments Off
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Today, for the second straight meeting, the Federal Open Market Committee voted unanimously to leave the Fed Funds Rate unchanged within its target range of 0.000-0.250 percent. The vote was 10-0.
Tags: Ben Bernanke, Fed Funds Rate, inflation
Posted in FOMC | Comments Off
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Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.
Tags: Cost of Living, CPI, inflation
Posted in Mortgage Rates | Comments Off
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The Federal Reserve released its most recent meeting minutes Wednesday. Fed Minutes are the unabridged version of the succinct, more well-known “Fed Statement” that’s released immediately post-adjournment.
Tags: Ben Bernanke, Federal Reserve, inflation
Posted in FOMC | Comments Off
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If consumer spending is a keystone element in the U.S. economic recovery, a full-on rebound is likely underway. Retail Sales is higher for 7 straight months and is now at an all-time high.
Tags: Consumer Spending, inflation, Mortgage Rates
Posted in Retail Sales | Comments Off
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According to Freddie Mac, mortgage rates made their largest 1-week jump in more than a year last week, tacking on 0.24 percent and bringing the average national 30-year fixed mortgage rate up to 5.05%. In some markets, rates are even higher.
Tags: Housing, inflation, Mortgage Rates
Posted in Weekly Review | Comments Off
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For this month — and for the rest of 2011– employment data will figure big in mortgage markets and for home affordability. Today’s release is the first big splash.
Tags: inflation, Jobs
Posted in Jobs | Comments Off
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The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn’t much there to disturb mortgage markets, thankfully.
Tags: Federal Reserve, FOMC, inflation
Posted in FOMC Minutes | Comments Off
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Mortgage markets worsened again last week as belief in a U.S. recovery and concerns for inflation took hold on Wall Street. Conforming mortgage rates rose for the 6th straight week.
Tags: FOMC, inflation, Mortgage Rates
Posted in Weekly Review | Comments Off
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Bond markets have not taken kindly to the Fed Minutes. The minutes show a propensity toward Fed “action”, most of which markets believe to be inflationary. Inflation leads to higher mortgage rates and that’s exactly what we’ve seen.
Tags: Fed Minutes, FOMC, inflation
Posted in FOMC Minutes | Comments Off
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The 7-month rally in rates may be nearing its end. The 30-year fixed rate mortgage is at a 4-month high after reaching an all-time low just 3 weeks ago.
Tags: inflation, Mortgage Rates, US Dollar
Posted in Weekly Review | Comments Off
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The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates are slightly higher today.
Tags: Fed Minutes, FOMC, inflation
Posted in FOMC Minutes | Comments Off
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Mortgage rates are artificially right now so even the slightest jolt could cause them to spike. It would be similar to what happened in June 2009 when rates rose 1.125% in just 10 days’ time. Therefore, if you’re shopping for a mortgage and like the rate you’ve been quoted, consider locking in as soon as possible.
Tags: inflation, Mortgage Rates, NAHB
Posted in Weekly Review | Comments Off
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Mortgage rates have fallen in 4 consecutive weeks and are on an extended rally that dates back to mid-April. This week, however, data returns and rates could reverse. Especially with inflation numbers are in play.
Tags: CPI, inflation, Mortgage Rates
Posted in Weekly Review | Comments Off
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Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved.
Tags: Greece, inflation, Mortgage Rates
Posted in Weekly Review | Comments Off
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These days, homes are more affordable than ever as the housing market emerges from a slow winter season and mortgage rates are still near 5 percent. Soft housing and low rates are an excellent combination for home buyers but whereas home values rise with a gradual pace, mortgage rates can change in an instant. It’s…Read the Rest of Article
Tags: fha rates, inflation, texas mortgage, va rates
Posted in Mortgage Rates | Comments Off
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Oh boy, and inflation begins…. WASHINGTON (MarketWatch) — The Federal Reserve announced late Thursday that it was raising its discount rate in order to push banks to borrow from the private market for short-term credit. In a statement, the Fed said it would raise its discount, or primary credit rate, to 0.75% from 0.50% effective…Read the Rest of Article
Tags: discount rate, inflation
Posted in Interest Rates, The Fed | Comments Off
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