the fed
Stock Market Today: Stocks (and the Fed) Stay the Course
The FOMC’s March minutes didn’t give investors much else to munch on, resulting in a mostly sideways Wednesday for the major indexes.
Why Your Mortgage May Get More Expensive
Last Friday, the Federal Housing Finance Agency (FHFA) announced plans to increase guarantee fees (g-fees) on loans sold to Fannie Mae and Freddie Mac. Banks and lenders pay Fannie and Freddie so-called âg-feesâ in exchange for purchasing their loans and bundling them into mortgage-backed securities, which are then sold to investors on the secondary market. [&hellip
The post Why Your Mortgage May Get More Expensive first appeared on The Truth About Mortgage.
Last Chance to Get a Mortgage Rate Under 4%?
At the start of each year, the financial pundits weigh in on the direction of many things for the 365 days that lie ahead, including mortgage rates. And seeing that rates began 2013 at near all-time lows, the obvious (and conservative) prediction is to say that rates will rise. Most individuals also seem to believe [&hellip
The post Last Chance to Get a Mortgage Rate Under 4%? first appeared on The Truth About Mortgage.
Median 30-Year Mortgage Rates Over the Past 42 Years
Everyone knows mortgage rates are low. But just how low are they compared to historical averages, or should I say, medians? Well, fortunately John Burns of John Burns Consulting did the math for us in a recent newsletter. Currently, 30-year fixed mortgage rates for conforming mortgages sit at 3.51%, on average, per the latest Freddie [&hellip
The post Median 30-Year Mortgage Rates Over the Past 42 Years first appeared on The Truth About Mortgage.
The Fed Minutes and Mortgage Rates
Just a few short hours ago, the Federal Reserve released the hotly anticipated FOMC “minutes” from its two-day meeting that took place back on April 30th and May 1st, 2013. The contents werenât all that exciting, though they seemed to be enough to result in a 200+ point stock market swing. The markets opened considerably [&hellip
The post The Fed Minutes and Mortgage Rates first appeared on The Truth About Mortgage.
Blogger Claims Bernanke Made His Mortgage $53,000 More Expensive
A Yahoo! Finance blogger named Rick Newman claims Ben Bernanke cost him $53,000 on his recently acquired mortgage. The issue revolves around the latest testimony from the Federal Reserve boss, who revealed the Fed could taper purchases of mortgage-backed securities (MBS) in the not-so-distant future. If the Fed tapers its purchases, supply of MBS will [&hellip
The post Blogger Claims Bernanke Made His Mortgage ,000 More Expensive first appeared on The Truth About Mortgage.
Your Low Mortgage Rate: Here Today, Gone Tomorrow
While the news is just starting to trickle in, over the next week or so youâll be hearing a lot about how mortgage rates surged higher, and that the days of low rates are behind us. The mortgage rate surveys will always be a bit delayed, seeing that they always rely on old data. For [&hellip
The post Your Low Mortgage Rate: Here Today, Gone Tomorrow first appeared on The Truth About Mortgage.
Mortgage Rates Not as Low as They Could Be
A new Fed study and associated workshop revealed that mortgage lenders continue to offer inflated mortgage rates to consumers, despite ongoing efforts to reduce such borrowing costs. Over the past several years, the Fed has pledged to purchase billions in mortgage-backed securities (MBS) in an effort to lower consumer mortgage rates. The plan seems to [&hellip
The post Mortgage Rates Not as Low as They Could Be first appeared on The Truth About Mortgage.
Stock Market Today: Groggy Start for Stocks, But an Energetic Ending
Investors, perhaps worried that the Fed’s punchbowl might be taken away, ignored a sharp decline in jobless claims early Thursday but eventually drove stocks to modest gains.