Home prices rose slightly in December according to S&P Case-Shiller Home Price Indices released Tuesday. According to the S&P Case-Shiller 20-City Home Price Index, which covers cities representing all nine US Census divisions, home prices rose 5.40 percent year-over-year in December as compared to November’s reading of 5.20 percent.
Fed Meeting Statement Reveals Good News For Real Estate
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.
What’s Ahead For Mortgage Rates This Week: February 25th, 2013
A quiet week in economic news caused mortgage rates to worsen slightly.
Fed Minutes Suggest Fiscal Stimulus Later This Year
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.
A Simple Explanation Of The Federal Reserve Statement (April 25, 2012)
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.
A Simple Explanation Of The Federal Reserve Statement (March 13, 2012)
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.
Federal Reserve Wary Of European Spillover
The Federal Reserve has released the minutes from its 2-day meeting January 24-25, 2012.
Top 25 Least Expensive U.S. Cities
There are some U.S. towns in which the cost of living remains affordable — and downright cheap — as compared to the national average.
Fed Minutes Put The Heat On Mortgage Rates To Rise
The Federal Reserve released its April 2011 Federal Open Market Committee meeting minutes Wednesday. In the hours since, mortgage markets have worsened.
Job Growth Returning To “Normal” Levels — A Bad Sign For Mortgage Rates
Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April Non-Farm Payrolls report and momentum has been strong.