Recently, the Federal Reserve announced it will be making another rate cut. This was an expected move that was well-covered in the news. However, it has had an averse effect on the mortgage market. We’ve seen mortgage interest rates go up before and after this Fed policy change was officially Continue Reading →
All signs are pointing to another Fed rate cut next week. The Federal Open Market Committee (FOMC) will be meeting October 29-30. Even though the Federal Reserve has cut interest rates twice already this year in policy-easing measures, they are likely to approve another quarter-point reduction. This will take the Continue Reading →
There is an inverted Treasury yield curve that is currently happening because of the China trade war, Fed rate cuts and other unique market factors. It’s an abnormal situation, and it’s one that some people worry is a sign of an impending recession. Yet, how it’s affecting mortgage rates is Continue Reading →
Too frequently, media coverage suggests a Fed rate cut would coincide with lower mortgage rates and vice versa. But in practice it can be just the opposite! Let’s take a look at what the Fed is actually about to cut and how it might impact rates. What is the Fed Funds Rate? The Fed Continue Reading →
