The minutes of last monthâs Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fedâs current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates.
Fed Meeting Statement Positive For Ongoing Mortgage Sector Support
There was potentially good news for mortgage rates on Wednesday as the Fed’s Federal Open Market Committee (FOMC) announced that its quantitative easing (QE) program would remain unchanged for the present.
FOMC Minutes Reveal Fed May Curb Economic Support Program Before Year End
The minutes for June’s meeting of the Federal Open Market Committee (FOMC) suggest that committee members are mostly in agreement that the current quantitative easing program (QE) should begin winding down by year end.
The Federal Open Market Committee Holds Steady With Mortgage Backed Security Investments
The Federal Open Market Committee (FOMC) of the Federal Reserve decided to continue its current policy of quantitative easing (QE) based on current economic conditions. The Fed currently purchases $40 billion in mortgage-backed securities (MBS) and $45 billion in Treasury securities monthly.
Fed Meeting Minutes Expose Rising Interest Rate Risk
Minutes of the Federal Open Market Committee recently released may have a significant impact on mortgage rates going forward. One significant development from the meeting suggests that the present quantitative easing program may be modified in the near future.
