The Fed announced its decision moments ago
Observers have seemed nearly certain that the Fed will hike rates later this month – but at least one Fed official is counseling patience
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.
With the prospect of rising interest rates likely to dominate market interest this year, the most pertinent questions regarding U.S. housing will be, 'How fast and how high?'
The unemployment rate continues to decline, but wage gains are lagging behind the pace of employment growth with the majority of jobs at the low end of the pay scale.
The latest FOMC meeting minutes show the bank is unlikely to raise rates until mid-2015, but the exact timing of the increase still depends on the health of the economy.
The White House has confirmed the Obama Administration is directing the FHA to reduce annual mortgage insurance premiums from 1.35% to 0.85%.