Blog – Page 399 of 505

06 May 2019

What’s Ahead For Mortgage Rates This Week – May 6th, 2019

Financial ReportsInterest Rates, Labor, Mortgage Rates

Last week's economic news brought good news to U.S. consumers on several fronts. Mortgage rates fell and national unemployment fell to its lowest rate in 50 years. Inflation slowed and the Federal Reserve held its target federal funds rate steady. Freddie Mac analysts credited strong labor markets, high consumer confidence and falling mortgage rates as factors setting the stage for more home sales. Pending Home Sales Rise as Construction Spending Falls The National Association of Realtors® reported higher pending home sales in March; home sales under contract but not completed rose 3.89 percent in March as compared to February's negative…

Understanding the Factors That Impact Your Credit Score

MortgageCredit Score, Mortgage, Pre-Approval

Most consumers believe if they pay their bills on time, they need not worry about their credit score. Oftentimes, it is a rude awakening when they apply for a mortgage loan, car loan, or any revolving credit to learn they are not going to get the lowest rates available due to their credit score. This is because paying bills on time only accounts for 35 percent of your credit score. The remaining 65 percent is spread out among other factors that impact your credit score. Credit Usage And Impact On Score Nearly one-third, 30 percent, of your credit score is…

FOMC Statement: No Changes to Key Fed Rate

Market OutlookFOMC, Market Conditions, Market Trends

The meeting of the Federal Reserve's Federal Open Market Committee ended Wednesday with the Committee's customary post-meeting statement recapping monetary policy matters considered by the Committee. Members voted not to change the current target rate range of the federal funds rate. The current rate range of 2.25 percent to 2.50 percent. Federal Funds Target Rate Range: Monetary Policymakers Remain "Patient" FOMC members cited low inflation pressures, global and domestic economic and financial developments as supporting the Committee's decision to leave the Federal funds rate unchanged despite recent political pressures to lower the rate and increase the Fed's accommodative stance toward boosting…