Today, in its first meeting in 5 weeks, the Federal Open Market Committee voted 9-to-1 to leave the Fed Funds Rate unchanged. The Fed Fund Rate remains within its target range of 0.000-0.250 percent. In its press release, the FOMC said that, since April, “the economic recovery is proceeding”...

Mortgage markets improved last week on weaker-than-expected jobless figures, ongoing troubles in Europe, and a tame reading on domestic inflation. As a result, conforming mortgage rates for Washington fell last week, drawing loads of new refinance applications. For a brief moment Thursday afternoon,...

As its June 30, 2010 closing deadline approaches, the federal home buyer tax credit is back in the news. Unfortunately, the headlines are misleading. Contrary to what you may have read (or heard), the federal home buyer tax credit has not been extended past June 30, 2010. At least not yet. And here’s...

Highlights of HomePath® No Appraisal Required No Mortgage Insurance Required All occupancy types are eligible Primary Residence, Second Home, and Investment Eligible for High Balance Loan Amounts Unique Attributes to HomePath® The sales price is used as the property...

Mortgage markets posted four good days last week and one awful one.  Unfortunately for rate shoppers in Washington , that one bad day outweighed the gains of the other four and mortgage rates worsened on the week overall. Despite re-touching all-time lows on Tuesday and Wednesday, Conforming and FHA...

Rate shoppers caught another break last week as mortgage markets improved on weak jobs data. The May Non-Farm Payrolls report fell well short of expectations while ongoing jobless claims rose.  The two combined to cast doubt on the speed of the U.S. economic recovery, hurting stocks and helping bonds. Conforming...

Mortgage markets worsened last week as concerned of a global debt crisis lessened and stock markets rebounded. The gains in stocks came at the expense of bonds — including mortgage bonds. Conforming and FHA mortgage rates rose for the first time in 5 weeks, pulling mortgage pricing off its best...

Visit msnbc.com for breaking news, world news, and news about the economy Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They’re at levels not seen in 50 years.  For homeowners that missed the Refi Boom of November 2009, it’s a...

Another week, same old story. Mortgage markets improved again last week on worsening news out of Greece and the Eurozone. Then, as contagion mentality set in, U.S. mortgage bonds gained and mortgage rates fell. It’s the 4th straight week in which conforming mortgage rates improved and, against...

After starting the day in the red, mortgage rates rebounded Wednesday afternoon after the Federal Reserve released its April 27-28, 2010 meeting minutes. It’s good news for home buyers and would-be refinancers.  Mortgage rates continue to troll along multi-year lows. “Fed Minutes”...