Tag Archives: Rates
Fed to forecast rates
Want to know when interest rates will rise? The Fed will let you know beforehand.
From now on, each member of the Federal Open Market Committee will tell us his or her rate forecast for the fourth quarter of the year and for the next few calendar years… Continue reading
Banks offer refinance incentives
If you’re still waiting to refinance, now may the time to snag the best deals. Not only are mortgage rates at near-30-year lows, but applications for refinances are down, prompting some banks to seek ways to encourage homeowners to get off the fence.
T… Continue reading
QE3 still an option
After numerous unsuccessful attempts to help jump-start the economy, some Fed members still seem to think that pumping more money into the bond market will help solve our problems.
Twice, the Fed has decided to print money and go on a bond-buying spree… Continue reading
Low rates won’t save us
Mortgage rates across the board plummeted to the lowest level in the history of Freddie Mac’s weekly rate survey, to 4.15 percent for a 30-year fixed. But the low rates, coupled with low home prices, are unlikely to kick-start a housing market still st… Continue reading
Jumbo loans going fast
Average jumbo mortgage rates are lower than they have been in years, driving high-end home sales. But the deals won’t last long.
“Jumbo mortgage rates, currently averaging 5.17 percent, are near record lows and the spread between jumbo and conforming m… Continue reading