FOMC

The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

Comments(0) By Mike Miller •July 16th, 2010

At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.

A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)

Comments(0) By Mike Miller •June 23rd, 2010

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.

A Simple Explanation Of The Federal Reserve Statement (June 23, 2010 Edition)

Comments(0) By Mike Miller •June 23rd, 2010

Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent.

The Fed’s April Minutes Push Mortgage Rates Even Lower

Comments(0) By Mike Miller •May 20th, 2010

After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes.

The Fed Adjourns From A 2-Day Meeting Today And What It Means For Mortgage Rates

Comments(0) By Mike Miller •April 28th, 2010

The Federal Reserve adjourns from a scheduled, 2-day meeting today. It’s one of 8 scheduled Fed meetings for 2010. Upon adjournment, Fed Chairman Ben Bernanke & Co. will release a formal statement to the market. In it, the Fed is expected to announce “no change” in the Fed Funds Rate. Mortgage rates, however, WILL change.

A Simple Explanation Of The Federal Reserve Statement (April 28, 2010 Edition)

Comments(0) By Mike Miller •April 27th, 2010

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent. Mortgage rates are rising this afternoon.

A Simple Explanation Of The Federal Reserve Statement (March 16, 2010 Edition)

Comments(0) By Mike Miller •March 16th, 2010

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent.

A Simple Explanation Of The Federal Reserve Statement (March 16, 2010 Edition)

Comments(0) By Mike Miller •March 16th, 2010

Today, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged, in its target range of 0.000-0.250 percent.

A Rate-Locking Strategy For Today’s Fed Meeting

Comments(0) By Mike Miller •March 16th, 2010

The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year. The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since December 16, 2008, and the voting members of the Fed are expected to vote “no change” again today.

About The Danville Mortgage Blog

The Danville Mortage Blog is your premier source for information on Danville real estate, home loans in Danville, general mortgage knowledge, real estate market updates and Danville community information. On top of all this, you will find leading Danville real estate agents showcased, making your selection of a real estate agent easier.

For Danville real estate agents, you'll find valuable tips on how to take your real estate business to the next level. We're also a wonderful place to keep up on the ever changing mortgage industry.

Prospect Mortgage Equal Housing Lender

Equal Housing Lender. Prospect Mortgage is located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403. Prospect Mortgage, LLC (Unique Identifier #3296) is a Delaware limited liability company licensed by the Department of Corporations under the California Residential Mortgage Lending Act and operates with the following licenses: AK Mortgage Lender License #100251; AZ Mortgage Banker License #BK0903027, #BK0909362, #BK0908046, #BK0908050, #BK0908056, BK#0908057, #BK0908058, #BK0908731, BK#0903112, BK#0903912, BK#0906650, BK#0906913; To check the license status of your CO mortgage broker, visit www.dora.state.co.us/real-estate/index.htm; GA Residential Mortgage License #16984; IL Residential Mortgage Licensee #6424; MA Mortgage Lender/Broker License #MC2011; MS Licensed Mortgage Co.; MT Residential Mortgage Lender Licensee #120; NV Division of Mortgage Lending Mortgage Banker #1173 and Mortgage Broker #3095; Licensed by the NH Banking Dept.; Licensed Banker-NJ Dept. of Banking and Insurance #9932415; Operates as Prospect Lending, LLC in NY (Licensed Mortgage Banker-NYS Banking Department); Operates as Prospect Mortgage, LLC of Delaware in OH (Ohio Mortgage Broker Act, Lic # MB.803629.000); OR Mortgage Lender Licensee #ML-2006; PA Dept. of Banking license #1740; RI Licensed Lender #20021343LL, Broker #20041643LB; licensed by the VA State Corp. Commission as MC-2195.

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change at any time and without notice. This is not an offer to enter into a rate lock agreement under MN law, or any other applicable law.