A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)

June 23, 2010

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.

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A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)

June 23, 2010

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.

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May 2010 Existing Home Sales Is Better Than The Headline Data Suggests

June 23, 2010

The press is calling the May 2010 drop in Existing Home Sales “unexpected” and disappointing, but a deeper look at the data shows the news isn’t as bad as it first appears.

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Making A Mortgage Rate Strategy Ahead Of The Fed’s Meeting This Week

June 22, 2010

The Federal Open Market Committee begins a 2-day meeting today, its fourth scheduled meeting of the year, and fifth overall. There’s no expectation for the Fed to change the Fed Funds Rate but that doesn’t mean consumers should expect mortgage rates to remain unchanged, too.

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What’s Ahead For Mortgage Rates This Week : June 21, 2010

June 21, 2010

Last week, rates fell to all-time lows (again) Thursday. By Friday morning, though, pricing was worsening on profit-taking and in preparation for this week — a week that promises to be heavy on both data and rhetoric.

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The Home Buyer Tax Credit Extension Has Not Been Passed Into Law (Yet)

June 18, 2010

Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet.

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Good News For Sellers : Housing Starts Fall To 1-Year Low In May 2010

June 17, 2010

Single-family housing starts plummeted to a one-year low in May, just 30 days after soaring to a 20-month high. It’s no wonder home builders are confused.

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Shopping And Paying Bills Online? Here’s Methods To Protect Your Online Financial Identity

June 15, 2010

In May 2010, Retail Sales at non-store retailers — a category that includes Amazon and eBay — topped $29 billion, up 16 percent from May 2009. Clearly, Americans are doing an increasing amount of shopping online. But how well are we protecting our identities?

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What’s Ahead For Mortgage Rates This Week : June 14, 2010

June 14, 2010

Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and FHA mortgage rates moved higher on the week.

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FHA Mortgage Insurance Premiums Approved To Triple In Cost

June 11, 2010

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

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