Tag Archives: Interest rates

After the Fed's confirmation that an interest rate hike is happening, Fed Chair Janet Yellen turned her attention to the possible economic impacts of tax reform.

Contract interest rates are also shifting according to a new report.

The Federal Reserve has voted to keep its key interest rate unchanged. But things may look a little different come 2018 . . .

Fitch Chief Economist shared his expectations for the Federal Reserve’s future interest rate hikes according to a recently published report.

Loretta Mester, President of the Cleveland Federal Reserve, issued a statement on her thoughts on current monetary policy, the economic outlook, and words of wisdom concerning the Fed’s approach to raising interest rates.

Mortgage rates are on the rise yet again, according to a new Index released this morning. How far can they go?

The Fed has voted for the second time this year to raise interest rates, a decision that was hinted at back in March by Janet Yellen, FOMC Board of Governors Chair. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. It is currently unclear how the hike in interest rates will affect mortgage rates.

Federal Open Market Committee is set to finish its June meeting on Wednesday and it is widely expected that they will raise interest rates in order to keep the economy stabilized, even though inflation remains around 2 percent. In May, when they last met, members of the board chose to keep interest rates at their current level. Will this mean anything for mortgage interest rates? One expert believes it might not impact the mortgage market at all.

A new survey reveals that consumers are most concerned about closing costs and interest rates when choosing a lender to work with. Service and convenience followed closely behind as top influencing factors. Only 37 percent of those surveyed said they were satisfied with the mortgage application process.

Whether they’re considering taking out a home equity line of credit (HELOC) or already in the process, nearly half of homeowners say interest rates are the most influential factor to consider. Almost half of borrowers listed interest rates as the most influential factor when deciding on a HELOC, which is over twice the second most influential factor: loan amount. Additionally, 36 percent of borrowers list the lower interest rates as the most valuable aspect of a HELOC compared to other options.