C21AGVoices

Real Estate Wisdom and Information From CENTURY 21 Advantage Gold -The Only CENTURY 21 Firm With Offices in Pennsylvania AND New Jersey!

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Making A Mortgage Rate Strategy Ahead Of The Fed’s Meeting This Week

June 22nd, 2010 · Comments Off on Making A Mortgage Rate Strategy Ahead Of The Fed’s Meeting This Week

The Federal Open Market Committee begins a 2-day meeting today, its fourth scheduled meeting of the year, and fifth overall. There’s no expectation for the Fed to change the Fed Funds Rate but that doesn’t mean consumers should expect mortgage rates to remain unchanged, too.

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Tags: FOMC

Conforming Loan Costs Are Rising, Says Freddie Mac

June 22nd, 2010 · Comments Off on Conforming Loan Costs Are Rising, Says Freddie Mac

Mortgage rates may be dropping, but mortgage costs are not. According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.

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Tags: Mortgage Lending · Mortgage Rates