The Federal Open Market Committee (FOMC) announced today that it will again hold its Fed Funds rate at the 0—0.25 percent range. This is the rate at which banks loan money to one another, and impacts rates for adjustable rate mortgages and home equity lines of credit.
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Tag Archives: Home Buyers
New Home Sales Climb
The U.S. Census Bureau, along with the Department of Housing and Urban Development, today announced that sales of new, single-family homes increased 9.6% in July when compared to the month prior.
Existing Home Sales Have First Back-to-Back Monthly Gain Since September 2005
The National Association of Realtors announced today that existing home sales in May increased 2.4% as compared to April 2009. While home sales were up, [...]
Today’s Mortgage Interest Rates – Thursday, May 14, 2009
Here are some ballpark mortgage interest rates based on a $240K home loan for Friday, April 3, 2009 (as of 11 pm ET). For rates based on your specific information, talk to a Mortgage Expert. Please also note the explanation of the assumptions we make to give you these rates — rates will vary based on your information.
Today's Mortgage Interest Rates – Thursday, May 14, 2009
Here are some ballpark mortgage interest rates based on a $240K home loan for Friday, April 3, 2009 (as of 11 pm ET). For rates based on your specific information, talk to a Mortgage Expert. Please also note the explanation of the assumptions we make to give you these rates — rates will vary based on your information.
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