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
Another decline from current oil prices and the selling is very likely to resume taking the price down in another leg lower. If that happens stocks are going to fall further and we will have another opportunity at lower mortgage rates. It
With the positive unemployment report this morning the momentary concern is the first rate hike has returned to June from later this year.
When will rates rise? No one knows, not even the Fed.
Since the president’s action to lower FHA premiums, economists have tried to estimate the number of existing borrowers that could benefit from the reduction, and the Urban Institute is no different.
After hitting a 20-month low, mortgage rates broke out this week after an extended period of calm.
Approximately one-third of borrowers are not sure of their interest rate and many could still save hundreds a month through refinancing.