Tag Archives: Interest rates

Michael Reddington, EVP of Retail at Envoy Mortgage, discussed with DS News how lenders should handle refinance business at a time when rates are so low.

Even though the housing sector has shown further improvement, the Federal Open Market Committee dodged another rate increase this month like many in the industry predicted.

Although he approves of the current low-interest rate environment, Donald Trump does not approve of the woman in charge of rates. If Trump wins the presidential election in November, Federal Reserve Chair Janet Yellen could be out of a job.

As the Fed heads into its third meeting of the year, without having fulfilled one of the expected federal funds rate increases, many in the industry are beginning to question if, when, and how many times they will make their move.

As housing demand continues to rise, interest rates remain at historical lows, credit conditions ease, and the labor market improves, home price growth continues to climbs but for how much longer?

The Federal Open Market Committee (FOMC) stood still Wednesday as all eyes in the mortgage industry awaited their announcement to leave the federal funds rate at its current level.

Recently there have been mixed reports coming from policymakers on the state of the economy.

Not everyone thinks the economy is as bad off as doomsayers have been saying lately.

Many economists and analysts have viewed the November employment summary as the final piece of the puzzle in order to encourage a Fed liftoff later this month.

On the side of the argument for exercising patience, Williams said there are two main concerns: One, the constraint of the “zero lower bound,” which is to say rates can’t go any lower than zero and there will not be room to lower the rates if there is another economic downturn or if inflation drops further; and two, the inflation has been “stubbornly” below the Fed’s target rate of 2 percent for almost three and a half years.