Fed Officials Officially Drop Expectations of a Rate Hike in 2019
According to an analysis of the futures market, the probability of the Fed hiking the federal funds rate in 2019 had dropped to zero (0) as of last week, as…
The Fed Signals Future Rate Hikes Are on Hold
In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its…
The Fed Raises Rates, Signals Two More Hikes in 2019
As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling…
San Francisco Approaching Bubble Territory per UBS
According to UBS Wealth Management’s Global Real Estate Bubble Index, the residential real estate market in San Francisco is increasingly overvalued and approaching bubble territory, while New York and Boston…
Benchmark Mortgage Rate Drops to Three-Month Low
Having slipped below 4 percent two weeks ago, the average rate for the benchmark 30-year mortgage dropped to 3.81 percent over the past week “as concern about a global slowdown…
Benchmark Mortgage Rate Back above 4 Percent and Forecast to Rise
For the first time in five months and following a post rate hike slip, the average rate for the benchmark 30-year mortgage is back above 4 percent having ticked up…
The Fed Institutes a Rate Hike, Signals Four More in 2016
As predicted, the Federal Reserve has just raised interest rates for the first time since 2006, upping the target federal funds rate by 0.25 percent and signaling expectations for another…
The Fed Positions for a Rate Hike next Month
While emphasizing that “no decision had been made,” the minutes for the Fed’s Open Market Committee meeting last month included new language to specifically highlight that a Federal Funds rate…
Probability Of A Rate Hike In 2015 Down To 30 Percent
While mortgage rates ticked-up a few basis points over the past week, the average rate for a 30-year mortgage (3.82 percent) remains below four percent for the twelfth week in…
Futures Market Says No, But Yellen Says Yes Re: Rate Hike
As of this morning, an analysis of the futures market put the probability of the Fed raising interest rates by the end of the year at 35 percent. But this…