Back like they never left, the Fed was at it again with this month’s meeting of the Federal Open Market Committee. I’m sure that discussing what Justin Bieber had for dinner, why in the world the weather can’t make up its mind and maybe a little bit about the current state of the economy were all on the docket this time around, but there’s only one way to find out.
It’s that time of the year again where the Federal Reserve puts their heads together in a figurative way – although it would be pretty funny if that’s how they conducted their meetings – to talk about the present state of the economy. Strap on your seatbelts and let’s journey through the mind of the Fed by unpacking the latest Federal Reserve Release in plain English.
I sat down with Quicken Loans VP of Marketing Strategy and Business Channel Strategy, Graham Skidmore, to see what he had to say about the direction of mortgage rates. He has some stellar advice for folks out there looking to refinance their current mortgage or buy their first home.
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Here at Quicken Loans, we take extreme pride in having industry-leading online tools. That’s why we’re pleased to raise the curtain on the new and improved MyQL – and let me tell you, it’s better than it’s ever been with these awesome new features.
If you’re looking to have some fun with your friends but don’t feel like shelling out the dough, here are some easy tips to keep some money in your wallet.
What if I told you that adding some extra cash to each monthly payment could potentially shave months off of your term and save you thousands in interest a month? What if I told you that you could see just exactly how much you could save over the life of your loan with one simple calculator?
So you wanna refinance or lock in to a new mortgage rate, eh? You may not realize this right now, but mortgage rates are in unchartered territories – in a good way. You also probably didn’t know about all of the great options out there, so take a gander and see if any of these might be right for you.
I was thinking about rattling off a bunch of things that I’m thankful for, and while I do have plenty in my life to be thankful about, I feel that’s getting overdone. Maybe overdone like how my mom’s turkey will probably turn out tomorrow? Regardless of how my Thanksgiving meal is going to be tomorrow, and I’m sure it will be delicious, one thing is for certain: the nationwide average for mortgage rates has never been lower in the history of the modern mortgage according to Freddie Mac’s weekly Primary Mortgage Market Survey.
After tiptoeing the record line for the past six weeks, mortgage rates set a new record low this week. Credit it to whatever you want: President Obama winning the election, Jay Cutler getting concussed, or Thanksgiving coming around the corner. The fact of the matter is that the nationwide average for mortgage rates across the country has never been lower according to Freddie Mac’s weekly Primary Mortgage Market Survey.