Today, in its 7th meeting of the year, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged.
Category Archives: Federal Reserve
The Federal Reserve Meets Today. Should You Lock Your Rate Before It Adjourns?
If you’re actively shopping for a mortgage, it may be prudent to lock your rate ahead of the Fed’s announcement today.
August’s Fed Minutes Lead Mortgage Rates Higher
Home affordability took a slight hit this week after the Federal Reserve’s release of its August 10 meeting minutes.
A Simple Explanation Of The Federal Reserve Statement (August 10, 2010 Edition)
Today, in its first meeting in 6 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains at a historical low, within a prescribed target range of 0.000-0.250 percent.
The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?
We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.