Bay Area Mortgage Rates Remain Volatile This Week : March 26, 2012

Bay Area Mortgage Rates Remain Volatile This Week : March 26, 2012

Mortgage markets carved out a wide range last week, eventually closing slightly worse. Mortgage-backed bonds sold off early in the week on rising investor sentiment. Then, they reversed higher on prepared remarks from Federal Reserve Chairman Ben Bernanke, which tempered Wall Street … [Read more...]

Jobs Report and Bay Area Mortgage Rates This Week : March 5, 2012

Jobs Report and Bay Area Mortgage Rates This Week : March 5, 2012

Mortgage markets worsened last week as the U.S. economy continued to show that it's in recovery, and as Federal Reserve Chairman Ben Bernanke publicly hinted at the same. QE3 on the Horizon? In a congressional testimony Wednesday, Chairman Bernanke suggested that new, Fed-led stimulus may not be … [Read more...]

Fed Funds Rate Unchanged-(January 25, 2012) Markets Bounce on News of Spending

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 zero percent since December 2008. For the third consecutive month, the Fed Funds Rate vote was … [Read more...]

Dublin, CA Mortgage Rates Stable Off Of The Federal Statement (Dec13, 2011 Edition)

Dublin, CA Mortgage Rates Stable Off Of The Federal Statement (Dec13, 2011 Edition)

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 … [Read more...]

Pleasanton Mortgage News: Fed Minutes- Divided FED and Operation Twist

Pleasanton Mortgage News: Fed Minutes- Divided FED and Operation Twist

  Wednesday, the Federal Reserve released the minutes from its 2-day meeting September 20-21, 2011. The Fed Disagrees The release shows a divided Fed in disagreement about the current U.S. monetary policy. The group reached compromise for new economic stimulus, however, and maintained its … [Read more...]

Explanation Of The Federal Reserve Statement-Operation Twist and Mortgage Rates

Explanation Of The Federal Reserve Statement-Operation Twist and Mortgage Rates

Wednesday, 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 7-3 -- the second straight meeting at which the FOMC adjourned with as many 3 dissenters. Prior to that last meeting, there hadn't been 3 … [Read more...]

The Fed Adjourns At 2:15 PM ET Today : What It Means For Mortgage Rates

The Federal Open Market Committee adjourns from a two-day, scheduled meeting today, the sixth of 8 scheduled meetings this year, and the seventh Fed meeting overall. The FOMC is a designated, 12-person committee within the Federal Reserve, led by Fed Chairman Ben Bernanke. The FOMC is the voting … [Read more...]

What’s Ahead For Pleasanton Home Loan Rates This Week : September 12, 2011

What’s Ahead For Pleasanton Home Loan Rates This Week : September 12, 2011

Mortgage markets improved last week as a weakening Eurozone and questions about the U.S. economy sparked a global flight-to-quality. Conforming and FHA mortgage rates improved for the second week in a row. The storylines should sound familiar by now. They are the same ones that have dictated the … [Read more...]

Mortgage Rates This Week- Bernanke Set to move markets on Thursday

Mortgage Rates This Week- Bernanke Set to move markets on Thursday

Mortgage markets improved last week on a weak jobs report, expectation for new market stimulus, growing evidence of a global economic slowdown. Rates were especially volatile, too, with the long Labor Day Weekend looming. Overall, conforming mortgage rates in California improved for the first time … [Read more...]

Federal Reserve Statement, August 9, 2011- Markets Bounce on Feds Language

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. No big news there. The vote was 7-3 — the first time in 5 meetings that the nation's Central Bank was non-unanimous and the first time since 1992 that the … [Read more...]