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.

What’s Ahead For Mortgage Rates This Week – May 20, 2013

Looking ahead, economic news for this week includes the Existing Home Sales report for April with an expectation of 5.00 million homes sold on a seasonally-adjusted annual basis against the March tally of 4.93 million homes sold.

Also set for release on Wednesday are the Federal Open Market Committee (FOMC) Minutes for the meeting held April 30 and May 1.

Maine Mortgage Market Update 11.03.2010

Mortgage bond prices remain positive this morning despite the data, helping rates extend the improvements from yesterday. Today we have ADP employment, factory orders, and the results from the Fed meeting. Factory orders up 2.1%, expected up 1.6%. ADP employement showed a job increase of 43k. Analysts were expecting an increase of 23k. So farContinue reading “Maine Mortgage Market Update 11.03.2010”

Maine Mortgage Market Update 11.02.2010 Election Day

Mortgage bond prices are positive this morning helping to bounce back a bit from the steep selloff yesterday. Traders will position themselves ahead of the Fed results tomorrow afternoon. Many believe the Fed will announce continued quantitative easing. Quantitative easing is tool used by the Fed to increase the supply of money by increasing theContinue reading “Maine Mortgage Market Update 11.02.2010 Election Day”

US determined to weaken the dollar?

For U.S. Treasury Secretary Timothy F. Geithner, a weaker dollar may now be in the national interest. The dollar has dropped more than 7 percent since Aug. 27, when Chairman Ben S. Bernanke signaled the Federal Reserve is prepared to ease monetary policy. Where once such a decline may have been met with resistance fromContinue reading “US determined to weaken the dollar?”

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