The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year.
October Jobs Report Blows Away Estimates; Mortgage Rates Falling
Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report.
New Home Supply Remains Firmly In “Seller’s Market” Territory
According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.
FOMC Expected To Announce New Stimulus Today
The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.
Freddie Mac 30-Year Fixed Rate Mortgage Rates Rises To 3.55%
This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.
