15 Oct 2019
By Fred Gruber

What’s Ahead For Mortgage Rates This Week – October 15th, 2019

Financial Reports , ,
Last week’s economic releases included readings on inflation, an essay from Dallas Federal Reserve President Robert Kaplan and the monthly consumer sentiment index. Weekly reports on mortgage rates and new jobless claims were also released. Inflation Flat in September Inflation did not change in September; August’s reading showed 0.10 percent growth, which matched the July reading. Falling gasoline prices caused the flat reading. Analysts said that cooling inflation may prompt Federal Reserve policymakers to cut the target Federal Funds interest rate range at their next meeting. The core inflation rate, which excludes volatile food and fuel sectors rose 0.10 percent…
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01 Aug 2013
By Fred Gruber

Fed Meeting Statement Positive For Ongoing Mortgage Sector Support

Federal Reserve , , ,
There was potentially good news for mortgage rates on Wednesday as the Fed's Federal Open Market Committee (FOMC) announced that its quantitative easing (QE) program would remain unchanged for the present. Economists expect the Fed to begin tapering the amount of QE toward the end of the year in accordance with Chairman Ben Bernanke's previous statements that "tapering" would likely begin near year-end. No specific date for reducing the QE assets purchases was given. Chairman Bernanke has previously indicated that the Fed will closely review domestic and global economic developments as part of its decision-making process for changing the QE…
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