As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for two more quarter-point increases in 2018, three in 2019 and another two in 2020. The Fed dropped the benchmark rate five... Read More »
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for three more quarter-point increases in 2018. The Fed dropped the benchmark rate five (5) percentage points between August of 2007 and... Read More »
The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.95 percent, which is the highest rate in nearly four months, within 1 basis point of the 3.96 percent rate in place at the same time last year, and 54 basis... Read More »
The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past two weeks to 3.90 percent, which is 33 basis points above the 3.57 percent rate in place at the same time last year and 49 basis points above last year’s low of 3.41 percent,... Read More »
As predicted, the Federal Reserve just raised the benchmark Federal Funds rate, upping its target range by 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by the end of the year. The Fed dropped the benchmark rate 5 percentage points between August of 2007 and... Read More »
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target by 0.25 percent (25 basis points) and signaling expectations for another two quarter-point increases by the end of the year. The Fed dropped the benchmark rate 5 percentage points between August of 2007... Read More »
As predicted, the Federal Reserve has just raised interest rates for the first time since December of last year, upping the target federal funds target rate by 0.25 percent (25 basis points) and signaling expectations for another three quarter-point increases by the end of 2017. The Fed dropped the... Read More »
Having ticked down to within 11 basis points of an all-time low last week, the average rate for a 30-year mortgage moved up 5 basis points to 3.47 percent over the past week but remains 40 basis points below the 3.82 percent rate in place at the same time... Read More »
The average rate for a 30-year mortgage ticked down six basis points to 3.42 percent over the past week and is now running 43 basis points below the 3.85 percent rate in place at the same time last year and within 11 basis points of its 3.31 percent all-time... Read More »
The average rate for a 30-year mortgage ticked down two basis points to 3.48 percent over the past week, which is 38 basis points below the 3.86 percent rate in place at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. At the same... Read More »
“They've been running community meetings for several months about transportation/traffic and all the ...” [more]
“Looks good to me. We need more housing. Build it already!...” [more]
“It's out of line to bring up Godwin's law here....” [more]
“People complained about the wind +/- 50 years ago when the AAA and Fox Plaza buildings went up. It'...” [more]
“I live across the street. I will oppose this. It will bring more crime. Cars parked in front of...” [more]
“Further complication: everyone on the Philly train - thus including the stoker - dies and so the tra...” [more]
“Yep, I now see that I left off an important qualification. I should have written: Intentionally avoi...” [more]
“UPDATE: No Red Flags for Garden Center Redevelopment as Proposed (but there are a few design "issues...” [more]
“I have an existing jumbo mortgage with Wells Fargo and just asked them about refi options. They said...” [more]
“While having been formally registered as an historic place, it's technically not a City Landmark (as...” [more]