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.
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
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.
Tags: Mortgage Lending · Mortgage Rates