· Mortgage Rates Fall for Third Consecutive week. average mortgage rates fell last week according to Freddie Mac. The average rate for a 30-year fixed rate mortgage dropped 11 basis points to 3.81 percent; the rate for a 15-year fixed rate mortgage fell by nine basis points to.
Mortgage rates showed little change heading into. started to fall after blockbuster announcements from central banks on each side of the Atlantic,” said Matthew Speakman, a Zillow economist..
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· The minutes of the federal open market committee’s March 18-19 meeting have just been released. Below is a key passage from the minutes: A number of participants noted the overall upward shift since December in participants’ projections of the federal funds rate included in the March SEP, with some expressing concern that this component of the SEP could be misconstrued as.
The FOMC minutes from the July meeting showed that some member are still worried about inflation being too low, while some are worried about overshooting the inflation target. "Many participants, however, saw some likelihood that inflation might remain below 2 percent for longer than they currently expected, and several indicated that the risks to the inflation outlook could be tilted to the.
The FOMC meeting will dominate real estate headlines this week (Part 1 of 6) This week will be all about the FOMC meeting. The upcoming week has some important economic data, like housing starts. Mortgage activity picked up throughout the day wednesday heading into the FOMC statement and modestly afterwards.
Initial jobless claims fall 2K to 291,000 for week Home Depot will pay at least $19.5 million in data breach settlement Cost of a Retail Data Breach: $179 Million for Home Depot. – Last year, Home Depot agreed to pay out $19.5 million to customers that had been affected by the breach. The payout included the costs of providing credit monitoring services to breach victims. home depot has also paid out at least $134.5 million to credit card companies and banks, and this week, a further $25 million settlement has been agreed.Ginnie Mae’s MBS portfolio reaches $1.5 trillion Step Inside Ginnie Mae: The Ginnie Mae Model – Tozer actively manages Ginnie Mae’s $1.5 trillion portfolio of mortgage-backed securities (MBS) and more than $460 billion in annual issuance. This article originally appeared in the June 2016 print.Jobless claims drop – Feb. 3, 2000 – money.cnn.com – The four-week moving average of claims, which generally provides a more accurate picture of jobless trends, was at 282,000 for the Jan. 29 reporting week, down from a revised 291,000 the week before.
Two hours prior to the Federal open market committee (fomc) release, gold was trading below $1,300/oz but started to gradually tick higher prior to surging higher on heavy volume, minutes prior to the release of the FOMC statement. FX markets, stock, bond and commodity markets did not see similar large moves.
A high-flying dollar, helped by the weak European economy and Brexit worries, is also something that conceivably could lose.
Celink names Robert Sivori new chairman, CEO Quicken Loans Vice Chairman Bill Emerson: Government used "extortionist tactics" to. real estate. bloomberg: quicken founder and chairman Dan Gilbert "resting comfortably" after stroke. Real Estate. Celink names Robert Sivori new chairman, CEO | 2019-05-20.
Mortgage activity picked up throughout the day Wednesday heading into the FOMC statement and modestly afterwards. Overall, after quiet flows on Monday and Tuesday on the lack of data and the FOMC wait, Wednesday saw a return to average activity amidst two-way flows.