Archive for 'FOMC' Category
Mortgage Rates Shoot Up
17 September 2008Mortgage rates will post a full 100 basis points higher this morning as a result of the FOMC’s decision not to cut rates, a move that surprised many. The financial markets had been hoping for a rate cut Tuesday since the Lehman/Bank of America/AIG crisis emerged over the weekend. Instead, the Fed held strong on [...]
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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