Archives: April 2016

Fed Holds Steady on Federal Funds Rate

Walter Whitehurst Fed Holds Steady on Federal Funds Rate In its post-meeting statement, the Federal Open Market Committee (FOMC) of the Federal Reserve announced its decision not to raise the current federal funds rate of 0.25 to 0.50 percent. Although FOMC members acknowledged further improvement in the U.S. economy and jobs markets, the committee cited […]





What’s Ahead For Mortgage Rates This Week – April 25, 2016

Walter Whitehurst What’s Ahead For Mortgage Rates This Week – April 25, 2016 Last week’s economic releases included Existing Home Sales, Commerce Department Releases on Housing Starts and Building Permits and the National Association of Home Builders/Wells Fargo Housing Market Index. Mortgage rates and new jobless claims were released according to their weekly schedule. Home […]