Items Tagged with 'Interest rates'

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Zillow: Mortgage rates drop to lowest level since 2013

Did someone say something about a Fed rate hike?
Despite some predictions that mortgage interest rates would rise in the aftermath of the Federal Open Market Committee’s December announcement of an increase to the federal funds rate for the first time since June 2006, the exact opposite has happened, with interest rates falling to a two-year low, according to a new report from Zillow.
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FOMC: When interest rates rise again, it will be gradual

Reaffirms moving federal funds rate of 0.25% to 0.50%
In the first Federal Open Market Committee meeting since the Federal Reserve decided to raise interest rates, the committee decided to keep the federal funds rate at a range of 0.25% to 0.50%. For now, the committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate.
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Zillow: Mortgage rates lower now than before Fed rate hike

Mortgage interest rates hit lowest level since October
According to Zillow’s latest report on the interest rates borrowers are quoted on its mortgage marketplace, mortgage interest rates are actually lower now than they were before the Federal Open Market Committee announced in December that it is increasing the federal funds rate for the first time since June 2006.
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Fitch: Six housing predictions for 2016

Where are home prices, mortgage rates going this year?
What's housing going to do in 2016? A new report from Fitch Ratings presents its six housing predictions for this year. What are interest rates going to do? House prices? Loan volumes? Here's what Fitch thinks.
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Black Knight: Will 2016 end refinance demand?

Interest rates predicted to rise
Approximately 5.2 million borrowers could likely both qualify for and benefit from refinancing, but it’s possible that this number will be slashed in half by the end of the year. Could this be the end of refinance demand? Here's how 2016 might turn out.
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December posts strong growth, adds 292,000 jobs

What does this mean for future rate hikes?
December job creation once again posted strong growth, cementing the rising strength of the labor market. While the last jobs report confirmed the likelihood of the Fed’s interest rate hike, this report produces mixed signals from economists.
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Monday Morning Cup of Coffee: Welcome to 2016

Let's take a look back and a look ahead
Well, since you’re reading this, it appears that we all survived another New Year’s Eve. And whether you spent it crammed into Times Square like a sardine, hanging from the rafters at a secret underground rave, or sitting at home on your couch and consequently falling asleep before the ball dropped, it’s now time to get geared up for 2016. So here's a look back at how 2015 ended and what 2016 will hold, all in your Monday Morning Cup of Coffee.
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