Mortgage Rates Update

Freddie Mac’s Weekly Survey was released this morning with it’s most recent assessment of the mortgage rate landscape. See the details of their survey below. For the most current bond rates see our Daily Interest Rate Updates.


Note: Chart above is dynamic and reflects current survey, updated weekly.

For TODAYS’s Mortgage Rates, see below or find more home lenders at http://moneycafe.com/personal-finance/mortgage-rates/.

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Fed Raises Interest Rates

The Federal Reserve raised the Fed Funds Rate at the conclusion of their FOMC meeting. The rate is now in a target range of 0.50% to 0.75%, moving up basically .25%.

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Release Date: December 14, 2016

For release at 2:00 p.m. EST
Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year. Job gains have been solid in recent months and the unemployment rate has declined. Household spending has been rising moderately but business fixed investment has remained soft. Inflation has increased since earlier this year but is still below the Committee’s 2 percent longer-run objective, partly reflecting earlier declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation have moved up considerably but still are low; most survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market conditions will strengthen somewhat further. Inflation is expected to rise to 2 percent over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labor market strengthens further. Near-term risks to the economic outlook appear roughly balanced. The Committee continues to closely monitor inflation indicators and global economic and financial developments.

In view of realized and expected labor market conditions and inflation, the Committee decided to raise the target range for the federal funds rate to 1/2 to 3/4 percent. The stance […]

Mortgage Rates Update

Freddie Mac’s Weekly Survey was released this morning with it’s most recent assessment of the mortgage rate landscape. See the details of their survey below. For the most current bond rates see our Daily Interest Rate Updates.


Note: Chart above is dynamic and reflects current survey, updated weekly.

For TODAYS’s Mortgage Rates, see below or find more home lenders at http://moneycafe.com/personal-finance/mortgage-rates/.

Advertisement

Mortgage Rates Update

Freddie Mac’s Weekly Survey was released this morning with it’s most recent assessment of the mortgage rate landscape. See the details of their survey below. For the most current bond rates see our Daily Interest Rate Updates.


Note: Chart above is dynamic and reflects current survey, updated weekly.

For TODAYS’s Mortgage Rates, see below or find more home lenders at http://moneycafe.com/personal-finance/mortgage-rates/.

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