Fed’s hike of 0.25 point in short term rates

For the first time in a year and only the second time in a decade, the Federal Open Market Committee (FOMC), the policy making arm of the Federal Reserve, voted on Wednesday in its eighth and final meeting of the year to raise the federal funds target rate by 25 basis points up to the 0.50 to 0.75 percentContinue

Mortgage rates fell!

Economic data affects rates by motivating investors to seek out or avoid risk. Higher demand means higher prices and lower rates.  Investors are looking for clarity on the Fed’s plans regarding raising rates, among other things. From here on out, volatility becomes an increasing risk heading into the Fed’s Announcement next Wednesday. It can either workContinue