Items Tagged with 'FOMC'

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Fed continues to send signals on looming interest rate hike

So, what does it mean for the mortgage market?
It appears that the Federal Reserve is continuing its tact of jumping through as many hoops as possible to prepare the market for the potential of another rate hike. So, what happens to the mortgage market whenever the Fed actually does raise rates? Here are a few insights.
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Despite "largely positive" news, FOMC holds on raising interest rates in July

Next meeting scheduled for September
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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Freddie Mac: 30-year mortgage rate about to start rising?

Still at yearly lows...for now
While mortgage rates still sit at the lowest level in 2016, this could start to change. Wednesday's news from the Federal Reserve sent a warning to investors that rate hikes this year are a very likely possibility. So what does the news mean for today's low interest rates?
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As expected, Fed holds off interest-rate hike

‘Growth in economic activity appears to have slowed’
The Federal Open Market Committee elected not to increase the federal funds rate. Whereas the committee believes housing has improved further, inflation is running just a little behind its objective.
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