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Oct 24

Simple Explanation Of The Federal Reserve Statement (October 24 , 2012)

October 24, 2012 By Leave a Comment
FOMC-Announcement

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the ninth consecutive meeting, the vote was nearly unanimous. And, also for the ninth consecutive meeting, Richmond Federal Reserve President Jeffrey Lacker was the lone dissenter in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. In its press release, the Federal Reserve noted that, since its last meeting … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , , , ,
Oct 09

What’s Ahead For Mortgage Rates This Week : October 9, 2012

October 9, 2012 By Leave a Comment
economy-rates

Mortgage markets worsened last week for the first time in a month as the U.S. economy showed signs of improvement, and the Eurozone stepped closer to launching its $500 billion euro rescue fund. Conforming mortgage rates in DC rose last week on the whole -- even though Freddie Mac's Primary Mortgage Market Survey proclaimed that they fell. This occurred because Freddie Mac's weekly mortgage rate survey is conducted between Monday and Tuesday each week and, last week, mortgage rates were … [Read more...]

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Sep 13

Simple Explanation Of The Federal Reserve Statement (September 13 , 2012)

September 13, 2012 By Leave a Comment
FOMC-Announcement

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Thursday. For the eighth consecutive meeting, the vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. In its press release, the Federal Reserve noted that the U.S. economy has been expanding "at a moderate pace" in … [Read more...]

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May 17

Home Affordability Getting A Springtime Boost From Greece

May 17, 2012 By Leave a Comment

Home affordability is receiving a boost from across the Atlantic Ocean this spring. For the third time in as many years, a weakening Eurozone is pushing May mortgage rates to new lows throughout DC and nationwide. The story centers in Greece and begins in 2010. 2 years ago, it was uncovered that successive Greece governments had purposefully misreported the nation-state's economic statistics in order to meet European Union standards. The fraudulent data had permitted Greek governments … [Read more...]

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Jan 25

A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

January 25, 2012 By 3 Comments

Wednesday, the Federal Reserve's Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The Fed Funds Rate has been near zero percent since December 2008. For the third consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member dissented in the 9-1 vote, objecting only to the language used in the Fed's official statement. In its press release, the Federal Reserve noted that the the U.S. … [Read more...]

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Jan 12

Fed Minutes Show An Improving U.S. Economy Threatened By The Eurozone

January 12, 2012 By Leave a Comment

The Federal Reserve has released the minutes from its most recent Federal Open Market Committee meeting. The Fed Minutes are a detailed meeting recap; the companion piece to the more brief, more well-known press release. As a comparison, the minutes of the last FOMC meeting contained 60 paragraphs and 7,027 words. The post-meeting press release was just 5 paragraphs and 382 words. December's Fed Minutes shows Fed members with a positive, cautious, take on the economy. Recent data … [Read more...]

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Dec 13

A Simple Explanation Of The Federal Reserve Statement (December 13, 2011 Edition)

December 13, 2011 By 5 Comments

Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was nearly unanimous for the second straight month. Just one FOMC member dissented in the vote, favoring additional policy stimulus beyond what the Federal Reserve currently provides. In its press release, the Federal Reserve sais that the the U.S. economy is improving, noting that since its November 2011 meeting, the economy has been … [Read more...]

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