Tag Archive for: fed funds rate

How the Fed Announcement Affects Mortgage Rates

Earlier this week, the Federal Reserve Board announced its decision to reduce its bond-buying program. So how does this affect mortgage rates? Each time the Federal Reserve makes an announcement, the markets respond. Whether the shift is small or large, clients often want to know if the fed announcement will impact mortgage rates. More importantly, […]

Fed Raises Fed Funds Rate Yet Again

The Federal Funds rate, or Fed Funds, is the rate that banks can charge one another for overnight short term lending. The Federal Reserve Board of Governors hold the Federal Open Market Committee meetings around once every six weeks. At these two-day affairs, economic policy is discussed from various perspectives but one in particular is […]