Archive for 'Fed' Category
Fed Meeting Ends With Rates Unchanged
5 August 2008The 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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Fed Warns of Economic Downturn
8 April 2008The FOMC minutes were released this afternoon. Prices may increase in afternoon revisions to .375 lower on price. The Fed voiced that they were relatively convinced the economy will have contracted in the 1st Quarter of this year and were concerned about a sustained downturn in the economy. The noted that the housing sector shows [...]