Annnnnnd we’re back with another Federal Open Market Committee (FOMC) release broken down into common English for you. Doesn’t it seem like it was yesterday when I was breaking down the last release for you all? Did you miss me and my feeble attempts to drive some humor into the FOMC release? I’m sure you recall the Wayne’s World references from last time, right? At any rate, the Fed met again this week to discuss the current state of the economy. It’s a lot of the same stuff from last time, but important nonetheless.
How much can you SAVE with today's crazy low mortgage rates? Find out now!
Tag Archives: Interest Rates
Interest Rates May Rise Amid European Debt Unrest – Market Update
Reports reveal that the Federal Reserve may rethink their pledge to keep interest rates low today, amid worries over the European debt crisis and slowing economic growth. This forecast has had a negative impact on the bond market this morning.
Bernanke: Take Job Gains With a Grain Of Salt
Yes, the government had added more than 200,000 jobs each month since January. Yes, the unemployment rate has fallen to 8.3 percent from 9 percent in the past five months. However, according to Federal Reserve Chairman Ben Bernanke, the United States economy has been growing rather sluggish with the job gains and drop in the unemployment rate.
The Federal Reserve Release in Common English
Federal releases can be kind of confusing and difficult to understand. So, for your convenience and hopefully enjoyment, I decided to take a stab at breaking it down into common English for you.
Federal Reserve Release in Common English
Federal releases can be kind of confusing and difficult to understand. Chock full of big words and borderline run-on sentences, it can be very intimidating for the average reader to peruse. So, for your convenience and hopeful enjoyment, I decided to take a stab at breaking it down into common English for you.
Refinancing? Don’t Wait For Rates To Bottom Out
We’re not the only ones that think that you don’t need to wait for rates to bottom out before you refinance your mortgage. Check out what the Washington Post had to say about why it might not be necessary to wait for rates to “bottom out” before you refinance.
Watch-It Wednesdays We’re Thankful For
Here at Quicken Loans, we’re blessed to have the best Home Loan Experts in the business. We’re thankful for the fact that they have taken time out of their incredibly busy schedules to help our clients out in a unique way.
15 vs. 30-Year Mortgages & What to Do If You Miss a Payment – Watch-It Wednesday
Today, we discuss 15-year mortgages vs. 30-year mortgages, what to do if you miss a payment and how much income you should put aside for mortgage payments. Check it out!
U.S. Home Refinance Program Unveiled
President Barack Obama is scheduled to announce new refinancing regulations to help those whose homes are valued less than their mortgage.
Mortgage Rates Hit All-Time Low. Should You Refinance? Of Course!
It’s a day for the record book, folks! Today mortgage rates have hit their lowest level ever! As of the time this post was published, mortgage rates are the lowest they have ever been at Quicken Loans.
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