Posts Tagged ‘interest rates’

Bonds and Interest rates

The week is loaded with headline reports. Which ones will land above the fold and move markets? Pending Home Sales will be delivered Monday. Manufacturing data releases start on Monday with Durable Goods Orders. The Chicago PMI will be released Tuesday, followed by the ISM Index Wednesday. The second estimate for first quarter Gross Domestic Product will be watched by investors as well…

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Housing Market at a Crossroads in 2017

The Fed raised interest rates by a quarter point from a range of 0.25 to 0.5 percent to a range of 0.5 to 0.75 percent. Rates could continue rising throughout the coming year, leading to higher mortgage rates and decreasing volume for lenders and realtors. But the same economic factors that gave the Fed the confidence to…

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Home Affordability Pushed Higher as Rates Fall

  Home Affordability Pushed Higher as Rates Fall For the fifth week, fixed-rate mortgages reached new all-time lows. The 15-year fixed-rate mortgage dipped below 3 percent, settling into uncharted territory, according to Freddie Mac’s weekly mortgage market survey. Thirty-year fixed-rate mortgages also reached new record lows, continuing to stay under 4 percent and pushing home…

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Fed Renews Vow to Keep Interest Rates Low

  Fed Renews Vow to Keep Interest Rates Low The Fed voted this week to continue its near-zero interest rate policy for the next quarter and likely much longer. The move will keep mortgage rates low in the coming months, if not years.  In recent weeks, mortgage rates have hovered around record lows, which has…

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Low Interest Rates Help Americans Save Money

  Low Interest Rates Help Americans Save Money Ultra-low interest rates have helped the average American to save more than $3,000 a year, according to a USA Today analysis.  Interest payments on mortgages have contributed to some of the largest savings. USA Today reports that mortgage interest payments have fallen 30 percent since peaking in…

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Fed Vows to Keep Rates Low Until 2014

  Fed Vows to Keep Rates Low Until 2014 The Federal Reserve announced that short-term interest rates will likely stay near zero for nearly three more years, a move that is expected to spillover to long-term mortgage rates for home buyers and home owners. In August, the Fed had made a rare move to say…

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Fed Chair Takes Advantage of Low Rates Too

  Fed Chair Takes Advantage of Low Rates Too Fed Chair Ben Bernanke knows a good interest rate when he sees it. The Fed chair has refinanced the mortgage on his three-bedroom, attached town home in Washington, D.C. twice since 2009. Most recently Bernanke refinanced on his home in September shortly after the Fed announced…

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Fixed Mortgage Rates This Week Better For Borrowers

      Fixed Mortgage Rates This Week Better For Borrowers After slight movement early last week, mortgage rates ended up looking better for borrowers with a decrease of .125% for conforming 30 year and 15 year mortgage interest rates making them more competitive with FHA mortgage rates. FreeRateUpdate.com’s daily survey of wholesale and direct…

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Federal Reserve Leaves Rates Alone

[picappgallerysingle id=”231101″]Federal Reserve Leaves Rates Alone The Federal Reserve issued a statement saying that it will hold off on further efforts to stimulate the economy and keep the federal funds rate at or near zero, but signaled that it was ready to step in with further action if necessary.

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