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Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 — the fourth straight unanimous vote for the nation’s Central Bank.

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The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened.

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The Federal Open Market Committee voted the Fed Funds Rate unchanged today at 0.000-0.250 percent. The vote was 10-0 — the third straight unanimous vote.

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If you’re shopping for a mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar.

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The Federal Reserve released its March 15 meeting minutes Tuesday. The notes revealed a Federal Reserve split between optimism and caution for the U.S. economy.

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Image via Wikipedia The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to pick up”, that the jobs markets is getting better, and that housing market has shown “some signs of improvement” […]

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The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. It also reiterated plans to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the U.S. economy is “leveling off” and that financial markets continue to improve. The […]

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Sometimes, saving money on your mortgage is as simple as picking a better closing date. It’s all about Rate Lock Commitments. A Rate Lock Commitment is a bank’s promise to honor a specific mortgage rate for a specific period of time.  They are a lender’s prediction of what mortgage markets will look like at some […]

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The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged last week on June 24th within its target range of 0.000-0.250 percent. The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the U.S. economy is not […]

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The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent.  The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion. In its press release, the FOMC noted that the economy may still be contracting, but that it’s […]

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