Fed Expects Interest Rates near Zero through 2022

Posted on Wednesday, June 10, 2020Wednesday, April 14, 2021 by Frederick Murga

Today, the Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System, decided to maintain the target range for the federal funds rate between 0 to 1/4 percent. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to Read more about Fed Expects Interest Rates near Zero through 2022[…]

Mortgage Applications Decrease from the last week

Posted on Wednesday, June 3, 2020Thursday, June 4, 2020 by Frederick Murga

According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 29, 2020. This week’s results included an adjustment for the Memorial Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from one week earlier. On Read more about Mortgage Applications Decrease from the last week[…]