fomc: Fed Meeting Minutes Reveal Rising Wealth Among Homeowners
- 04/11/13 10:08 PM
The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013. These periodic meetings by the FOMC cover a wide ranging group of topics that impact the overall economy in the United States. The decisions made and acted upon from the FOMC meetings often sway the real estate and residential financing markets. Some highlights of the recent FOMC minutes for the March meeting include: Jobs and Unemployment Gaining Steam The unemployment rate fell to 7.7 percent in February. While lower than the average unemployment rate for Q4 2012, the rates … (0 comments)
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fomc: Fed Meeting Statement Reveals Good News For Real Estate
- 03/21/13 02:08 AM
The Federal Reserve's statement after yesterday's Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed's dual commitment to keeping long term interest rates down and encouraging economic growth. No changes to the Fed's current bond-buying program were made during today's FOMC meeting. The Fed's monthly purchase of $85 billion in bonds and MBS works by boosting bond prices, which typically helps with keeping mortgage rates lower. The Fed reaffirmed its position that it will not withdraw or reduce monetary easing until the unemployment rate is substantially lower. Unemployment Rate Improving Nationally Fed predictions for the national unemployment … (1 comments)
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fomc: The Federal Reserve Begins A 2-Day Meeting Today
- 12/10/12 11:15 PM
The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year. The Federal Open Market Committee is a 12-person subcommittee within the Federal Reserve. It's the group which votes upon U.S. monetary policy. The monetary policy action for which the FOMC is most well-known is its setting of the Fed Funds Rate. The Fed Funds Rate is the interest rate at which banks borrow money from each other overnight. Since late-2008, the Fed Funds Rate has been near zero percent. Prime Rate, a business and consumer interest rate used in lines of credit … (0 comments)
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fomc: Federal Reserve : New Economic Stimulus May Be Warranted
- 11/19/12 07:52 AM
The Federal Reserve released its October Federal Open Market Committee (FOMC) meeting minutes last week, revealing a Fed in disagreement about the future of the U.S. economy and about what, if any, stimulus may be warranted in the next 12 months. The "Fed Minutes" recaps the conversations and debates that transpire during an FOMC meeting, and is published 3 weeks after the meeting adjourns. According to the October minutes, FOMC members "generally agreed" that a housing recovery is under way nationwide, citing increased housing prices, higher sales volume, and rising construction in many parts of the country. FOMC members made no … (0 comments)
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fomc: Simple Explanation Of The Federal Reserve Statement (October 24 , 2012)
- 10/24/12 09:43 AM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the ninth consecutive meeting, the vote was nearly unanimous. And, also for the ninth consecutive meeting, Richmond Federal Reserve President Jeffrey Lacker was the lone dissenter in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. In its press release, the Federal Reserve noted that, since its last meeting six weeks ago, the U.S. economy has been expanding "at a moderate pace", led by growth in household spending. However, "strains in global … (0 comments)
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fomc: Fed Minutes Detail QE3 Discussion; Mortgage Rates Down
- 10/06/12 02:47 AM
The minutes from the Federal Reserve's September Federal Open Market Committee meeting were released Thursday. The Fed Minutes detail the discussions and debates which shaped the central banker's launch of its third round of qualitative easing since 2008. The minutes also give Wall Street insight into future monetary policy. At 6,987 words, the Fed Minutes provides a level of detail that was unavailable via the FOMC's post-meeting press release, a document that, by contrast, ran 562 words. Despite its large word count, there was very little that was new or surprising in the Fed Minutes, though. This is because, since the … (0 comments)
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fomc: Mortgage Rates Rise For Third Straight Week
- 08/17/12 12:04 AM
Mortgage rates in Parkland & Coral Springs keep on rising. According to Freddie Mac's weekly Primary Mortgage Market Survey, for the third straight week, the 30-year fixed rate mortgage rate rose, this time tacking on 3 basis points on a week-over-week basis to 3.62%, on average, nationwide. The 3.62% mortgage rate is available to mortgage applicants willing to pay 0.6 discount points plus a full set of closing costs. Freddie Mac's published mortgage rates are compiled from a 125-bank survey. Looking back, it appears that national 30-year fixed rate mortgage rates bottomed at 3.49% in late-July. In the weeks leading up … (1 comments)
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fomc: Simple Explanation Of The Federal Reserve Statement (August 1 , 2012)
- 08/01/12 11:08 AM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. The vote was nearly unanimous. Only one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. In its press release, the Federal Reserve noted that the U.S. economy has "decelerated somewhat" since January. Beyond the next few quarters, though, the Fed expects growth to "remain moderate" and then gradually pick up. There was no mention of strain in global financial markets and its … (0 comments)
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fomc: Fed Minutes Suggest Fiscal Stimulus Later This Year
- 07/12/12 01:26 AM
The Federal Reserve released the minutes from its June Federal Open Market Committee meeting, revealing a Fed divided on the future of the U.S. economy. Mortgage rates are higher after the release of the minutes. The Fed Minutes is the detailed recap of an FOMC meeting. It is the companion piece to the more brief, more well-known post-meeting FOMC press release. For a comparison, whereas the Fed's June 20, 2012 press release contained 5 paragraphs and 490 words, the same meeting's minutes contain 62 paragraphs and 7,508 words. The extra detail afforded by the extra words Wall Street gives insight into … (1 comments)
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fomc: A Simple Explanation Of The Federal Reserve Statement (June 20, 2012)
- 06/20/12 08:17 AM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the fifth consecutive meeting, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. In its press release, the Federal Reserve noted that the U.S. economy has been "expanding moderately" this year. Beyond the next few quarters, the Fed expects growth to "pick up very gradually". In addition, the Fed re-acknowledged that "strains … (1 comments)
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fomc: A Simple Explanation Of The Federal Reserve Statement
- 04/25/12 06:38 AM
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the fifth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal Reserve President Jeffrey Lacker, dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. It is expected to remain near-zero through 2014, at least. In its press release, the Federal Reserve noted that the U.S. economy has been "expanding moderately" since the FOMC's last meeting in March. Beyond the next few quarters, the … (0 comments)
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fomc: The Fed Starts A 2-Day Meeting Today. Make A Strategy.
- 04/24/12 02:00 AM
The Federal Open Market Committee begins a 2-day meeting today in the nation's capitol. It's the group's third of 8 scheduled meetings this year. Mortgage rates are expected to change upon the Fed's adjournment. Led by Chairman Ben Bernanke, the FOMC is a 12-person, Federal Reserve sub-committee. The FOMC is the group within the Fed which votes on U.S. monetary policy. "Making monetary policy" can mean a lot of things, and the action for which the FOMC is most well-known is its setting of the Fed Funds Funds. The Fed Funds Rate is the overnight interest rate at which banks borrow … (0 comments)
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fomc: Fed Minutes Causes Mortgage Rates To Rise Suddenly
- 04/04/12 03:32 AM
The Federal Reserve has released the minutes from its last FOMC meeting, a 1-day affair held March 13, 2012. Mortgage rates in FL are rising on the news. For the un-indoctrinated, 3 weeks after it meets, the Federal Open Market Committee, the sub-group within the Federal Reserve that votes on U.S. monetary policy, publishes its meeting minutes. Similar to the minutes from a corporate event, or condominium association meeting, the Fed Minutes recounts the conversations and debates that transpired throughout the meeting. The Fed Minutes is a lengthy publication, often filling 10 pages or more. By contrast, the more well-known publication … (0 comments)
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fomc: A Simple Explanation Of The Federal Reserve Statement (March 13, 2012)
- 03/13/12 09:02 AM
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. For the fourth consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member dissented in the 9-1 vote. The Fed Funds Rate has been near zero percent since December 2008. It is expected to remain near-zero through 2014, at least. In its press release, the Federal Reserve noted that the the U.S. economy has "expanded moderately" since the FOMC's January 2012 meeting, adding that growth is occurring despite "strains in the global financial markets" that … (0 comments)
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fomc: The Fed Meets Today : Protecting Your Housing Payment
- 03/13/12 02:08 AM
The Federal Open Market Committee meets today, its second of 8 scheduled meetings this year. As a home buyer or would-be refinancing household in Parkland FL , get ready for changing mortgage rates. The Federal Open Market Committee is the 12-person sub-committee within the Federal Reserve that votes on the nation's monetary policy. Led by Federal Reserve Chairman Ben Bernanke, the FOMC's most prominent role is as steward for the Fed Funds Rate. The Fed has said repeatedly that it intends to keep the Fed Funds Rate near 0.000 for an "extended period of time", through 2014 at least. Unfortunately, this … (0 comments)
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fomc: Federal Reserve Wary Of European Spillover
- 02/23/12 10:42 PM
The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012. The Fed Minutes is a summary of the conversations and debates that shape our nation's monetary policy. It receives less attention than the Fed's more well-known, post-meeting press release, but the Fed Minutes is every bit as important. To rate shoppers in Parkland or Coral Springs , for example, the Fed Minutes can provide clues about whether mortgage rates will generally rise or fall in the coming months. The most recent Fed Minutes reveals a central bank divided on the future of the U.S. economy. The minutes … (0 comments)
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fomc: The Federal Reserve Meets Today : Mortgage Rates Expected To Move
- 01/25/12 01:13 AM
The Federal Open Market Committee adjourns from a scheduled 2-day meeting today, its first of 8 scheduled meetings this year. The FOMC is a designated, rotating, 12-person committee within the Federal Reserve, led by Federal Reserve Chairman Ben Bernanke. Members of the FOMC sub-committee are the voting members of the Federal Reserve; the ones that ultimately determine U.S. monetary policy. The most well-known Federal Reserve monetary policy tool is the central bank's Fed Funds Rate. The Fed Funds Rate is the prescribed interest rate at which banks borrow money from each other for a period of one night. The Fed Funds … (0 comments)
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The minutes for the Federal Open Market Committee (FOMC) meeting held March 19 and 20 were released on Wednesday April 10, 2013. These periodic meetings by the FOMC cover a wide ranging group of topics that impact the overall economy in the United States. The decisions made and acted upon from the FOMC meetings often sway the real estate and residential financing markets. Some highlights of the recent FOMC minutes for the March meeting include: Jobs and Unemployment Gaining Steam The unemployment rate fell to 7.7 percent in February. While lower than the average unemployment rate for Q4 2012, the rates … (0 comments)
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