The Federal Reserve has signaled that it will continue to hike interest rates sporadically. Now the Congressional Budget Office is projecting just how high rates might go over the next few years
After raising interest rates at its last meeting, the Federal Reserve decided against a rate hike in May – but intimated that further hikes were on the way
The Federal Reserve’s policy of buying mortgage-backed securities to keep mortgage rates low may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers.
Hindsight may always be 20/20, but at a Federal Open Market Committee (FOMC) meeting in August of 2007, Federal Reserve Bank officials could have moved proactively to avoid the worst of the subprime mortgage meltdown of 2008.
Sales of luxury homes in the United States made a significant contribution toward the overall recovery of the housing market in 2012, and they are largely expected to play a similar role in 2013.
Purchasing a home or refinancing a mortgage? Now is a fantastic time to consider applying for a home loan. Mortgage rates are at market lows and affordability has never been more opportunistic. The question everybody asks when getting a mortgage is "what is your rate?"
Though a number of critical questions face the US economy, from the unfinished business in Washington like the debt limit and spending cuts to lackluster growth, the outlook for mortgage rates is relatively predictable and not very exciting.
As of mid-December, the average thirty-year fixed-rate mortgage was near its historic low of about 3.3 percent, or half its level in August 2007 when financial turmoil began.