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Category: Mortgage Rates

Federal Reserve Meeting March 15 2017

Mortgage Rates · News

Fed Raises Rates For Third Time In Past 16 Months

March 15, 2017

The Federal Reserve voted to raise their interest rate after their two-day meeting concluded on March 15. This was largely expected after the Fed chairwoman Janet Yellen announced a few […]

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Fannie Mae March 2017, home buyers becoming more confident

Mortgage Rates · News

Home Buying Sentiment Rises To Highest Recording Ever

March 13, 2017

Ever since home buying sentiment has started being tracked, there has never been more confidence in the housing market than there is right now. According to Fannie Mae’s Home Purchase […]

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Payroll increases as jobs increase

Mortgage Rates · Mortgage Strategy · News

February Job Growth Sets Up Rate Hike

March 10, 2017

Job growth over the past month exceeded expectations, continuing a trend of the economy growing quicker than expected. For home buyers, this almost certainly means higher mortgage rates. In the […]

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When should you lock in on mortgage rates

Home Buying · Mortgage Rates · Mortgage Strategy

When Should I Lock In My Mortgage?

March 9, 2017

When you’re in the process of getting a home loan, at some point you’ll have to lock in your mortgage rate. This might be months in advance, mere days before […]

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January Non Farms Rising Mortgage Rates 2017

Mortgage Rates · News

January Job Growth Exceeds Expectations

February 3, 2017

January saw massive job growth, an encouraging sign for what is generally not one of the busiest months in terms of new jobs. There were 227,000 jobs added to the […]

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Fed Votes To Maintain Rates While Economy Grows 2017

Mortgage Rates · News

Fed Optimistic On Economy, Maintains Current Rate

February 1, 2017

After their two-day meeting concluded on February 1, the Fed decided to keep their rate the same. While they decided to keep rates the same, they did express optimism about […]

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Fed Meeting December 2016 Fed Rate Hike

Mortgage Rates · News

Fed Raises Rates, Mortgage Rates Likely To Follow

December 14, 2016

For the first time since December of 2015, the Fed decided to raise the federal funds rate. This is only the second time the Fed has raised rates since 2008, […]

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Federal Reserve Meeting September 2016

Mortgage Rates · News

Mortgage Rates Set To Drop After Fed Meeting

September 21, 2016

After their two-day meeting came to a close, the Fed announced their decision to maintain the current federal funds rate. The decision wasn’t largely a surprise, but based on votes […]

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Low FHA Rates In June Ellie Mae

Mortgage Rates · News

FHA Rates Drop To Lowest Levels In One Year

July 22, 2016

FHA loans are not only getting easier to be approved for, but they are now closing with ultra-low rates. On average, FHA loans closed with a mortgage rate of 3.98% […]

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Federal Reserve Meeting Could Lead To Lower Mortgage Rates June 2016

Mortgage Rates · News

Mortgage Rates Fall After Federal Reserve Meeting

June 15, 2016

The Federal Reserve decided not to raise rates during their June meeting. The decision came after two days of deliberation. Instead of raising or lowering the Federal Funds Rate, the […]

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