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Fed Funds Rate Unchanged-(January 25, 2012) Markets Bounce on News of Spending
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 … [Read More...]
Mortgage Rates Expected To Move off Feds Optimism- Be Ready to Lock your Mortgage
The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year. The FOMC is a designated, rotating, 12-person committee within the … [Read More...]
Inventory Down to 1 Month- Existing Home Sales Approach Bull Market Territory
The housing market finished 2011 with strength, and is carrying measurable momentum into 2012. According to data from the National Association of REALTORS®, on a seasonally-adjusted, annualized … [Read More...]
What’s Ahead For Pleasanton, CA Mortgage Rates This Week : January 23, 2012
The outlook for the U.S. economy improved last week, taking the mortgage bond market with it. For the first time this year, conforming mortgage rates rose throughout California from one week to the … [Read More...]
Will Bay Area Home Values Rise This Year? Foreclosure Filings Fall To 49-Month Low
Foreclosure filings are fewer these days, according to foreclosure-tracking firm RealtyTrac. In December 2011, the number of foreclosure filings nationwide fell 9 percent from the month prior. Not … [Read More...]
What’s Ahead For Bay Area Mortgage Rates: Week Of January 17, 2012
Mortgage markets gained last week, picking up momentum into the weekend. Global demand for mortgage-backed bonds helped push mortgage rates to new lows across the Bay Area, and closing costs eased … [Read More...]
