Archive for August, 2008

Fed Meeting Ends With Rates Unchanged

5 August 2008

The FOMC meeting concluded today with a statement that there would be no change to short term interest rates, citing mounting inflation concerns, despite a slowing economy.    This was widely anticipated by the markets and as a result there will be no change today’s mortgage rates. 

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Mortgage Rates Tick Up On July Employment Data

1 August 2008

Mortgage rates will increase slightly today by about .125 to the points on mixed economic reports.  
The Labor Department reproted that in July the unemployment rate was not as high as had been expected. This is good news for mortgage rates.  However, at the same time the number of job losses was lower than had been [...]