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Posts Tagged ‘mortgage market’


The Federal Reserve Statement Explained in Plain English (March 16, 2010)

Yesterday, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen” and that the jobs markets “is stabilizing”.  It also said that business spending has “has risen significantly”. This…Read the Rest of Article

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Mortgage Markets Down a Smidgen

Mortgage market is currently down 12 bps this morning, and equity markets are picking up the losses from last week. Existing Home Sales report came in around 16% lower in December at 5.45M, a lot lower than the 6M expected. The main thing in the news today is Ben Bernanke and his chances of a…Read the Rest of Article

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