Mortgage rates and the Fed Funds Rate are two different interest rates; completely disconnected. Here’s a chart that proves it.
A Simple Explanation Of The Federal Reserve Statement (August 9, 2011 Edition)
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. The vote was 7-3.
Fed Minutes Hint At New Economic Stimulus
The Federal Reserve released its June 2011 Federal Open Market Committee meeting minutes Tuesday. It contained no surprises.
A Simple Explanation Of The Federal Reserve Statement (June 22, 2011 Edition)
Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The vote was 10-0 — the fourth straight unanimous vote for the nation’s Central Bank.
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.
A Simple Explanation Of The Federal Reserve Statement (April 27, 2011 Edition)
The Federal Open Market Committee voted the Fed Funds Rate unchanged today at 0.000-0.250 percent. The vote was 10-0 — the third straight unanimous vote.
Mortgage Rates — And Home Affordability — At The Whim Of The Federal Reserve
If you’re shopping for a mortgage, or floating a rate, consider locking in before the FOMC issues its press release Wednesday at 12:15 PM ET. Once the statement hits, mortgage rates could soar.
March Fed Minutes Show Inflation Risks And Rate Hikes On The Horizon
The Federal Reserve released its March 15 meeting minutes Tuesday. The notes revealed a Federal Reserve split between optimism and caution for the U.S. economy.